Schnuck Markets has been selected as a 2024 U.S. Best Managed Company, marking the third consecutive year the St. Louis-based grocer has received the honor.
The program recognizes outstanding U.S. private companies and the achievements of their management teams, according to a news release. It is sponsored by Deloitte Private and The Wall Street Journal.
“We are, once again, extremely honored and humbled to be named a U.S. Best Managed Company three years running,” Schnucks Chairman and CEO Todd Schnuck said in the release. “Our organization’s leadership, board members and shareholders remain aligned on our strategic vision, and our 12,000 teammates continually serve our many communities throughout the Midwest at high levels while carrying out our company’s mission to nourish people’s lives.”
U.S. Best Managed Companies honorees, which have revenues of at least $250 million, are selected by an external panel of judges who evaluate applicants based on strategy, ability to execute, culture and governance and financial performance, the release said. Thousands of private companies around the world have competed for this designation in their respective countries through a process that evaluates four key criteria in management skills and practices: strategy, execution, culture and governance/financials.
Founded in St. Louis in 1939, Schnuck Markets Inc. is a third- and fourth-generation, family-owned grocery retailer that operates 115 stores with nearly 12,000 employees and serves customers in Missouri, Illinois, Indiana and Wisconsin.
