2016 Annual Report
BOARD OF DIRECTORS Barry Queen, Chairman David Ball Danny Boyle Jim Brown John Clarke Victor Cosentino Queen’s Enterprises - Paola, KS Four B Corp Country Boy Markets Doc’s Food Stores County Fair Cosentino’s Kansas City, KS Harrah, OK Bixby, OK Food Store Prairie Village, KS Mitchell, SD Don Woods, Jr., Vice-Chairman Kim Eskew Alan Larsen Jay Lawrence Alan McKeever Chuck Murfin Woods Supermarkets - Bolivar, MO Harp's Foods Houchens Industries Lawrence Brothers McKeever’s Ozark Supermarkets Springdale, AR Bowling Green, KY Sweetwater, TX Independence, MO Ozark, MO James Neumann Dave Nicholas Pat Raybould Jeff Reasor Randy Stepherson Erick Taylor Dale Trahan Valu Market, Inc. Nicholas B&R Stores Reasor’s Superlo Foods RPCS, Inc. Dale Trahan Louisville, KY Supermarkets Lincoln, NE Tahlequah, OK Memphis, TN Springfield, MO Enterprises Boonville, MO Rayne, LA DEAR SHAREHOLDERS March 22, 2017 Dear Shareholders, combined efforts and Your Board of Directors and management are a common purpose. pleased to present the audited results for our fiscal Beyond just our year 2016. Consolidated company sales reached operating results, another record of $9.18 billion, up 2.78%. Total year- AWG and VMC members also benefited from end patronage after retainage was $201.7 million, meaningful cost of goods reductions. In 2016, another record, which was 2.78% of qualifying sales. our merchant team worked closely with our Total distribution including patronage, allowances vendor partners to establish and build upon and interest back to members was $546.5 million, relationships that would further leverage an increase of $2.1 million even after reflecting an our collective membership’s scale of over increase in the amount of promotional allowances $20 billion in retail sales.
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