As of Dec 31, 2016, the company operated 1,136 supermarkets in Florida, Georgia, Alabama, North Carolina, South Carolina and Tennessee.
During fiscal 2016, the company opened 32 supermarkets, remodeled 156 supermarkets and closed 10 supermarkets. At year-end, 12 new supermarkets were under construction.
At year-end, the company owned 232 stores, leased 826 stores and owned the building on leased land at 56 locations. Initial terms of the leases are typically 20 years, followed by renewal options at 5 year intervals, and may include rent escalation clauses.
Supermarkets are often located in strip shopping centers where the company is the anchor tenant. Current supermarket prototypes range from 28,000 to 61,000 square feet, with the average store being approximately 47,000 square feet.
|Total gross square feet (M)||53,991||53,400||52,100||51,200||50,300||49,800|
|Total gross square feet growth||4.0%||2.5%||1.8%||1.8%||1.0%||2.3%|
|Avg store gross sq ft||47,100||47,000||46,800||46,800||46,600||46,600|
|Avg store gross sq ft growth||0.8%||0.5%||0.0%||0.3%||0.1%||0.1%|