As of Mar 31, 2018, the company operated 1,177 supermarkets in Florida, Georgia, Alabama, North Carolina, South Carolina and Tennessee.
During fiscal 2017, the company opened 44 supermarkets, remodeled 132 supermarkets and closed 13 supermarkets. In the first three months of fiscal 2018, the company opened 12 new supermarkets, remodeled 27 supermarkets, and closed 2 supermarkets.
At year-end, the company owned 302 stores, leased 796 stores and owned the building on leased land at 69 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)||54,900||54,900||53,400||52,100||51,200||50,300|
|Total gross square feet growth||2.8%||2.8%||2.5%||1.8%||1.8%||1.0%|
|Avg store gross sq ft||47,000||47,000||47,000||46,800||46,800||46,600|
|Avg store gross sq ft growth||0.1%||0.1%||0.5%||0.0%||0.3%||0.1%|