Strong Results Stronger Together
STRONG RESULTS STRONGER TOGETHER 2015 ANNUAL REPORT BOARD OF DIRECTORS Barry Queen, Chairman David Ball Danny Boyle Jim Brown Roger Collins Victor Cosentino Queen’s Enterprises - Paola, KS Four B Corp Country Boy Markets Doc’s Food Stores Harp’s Foods Cosentino’s Kansas City, KS Harrah, OK Bixby, OK Springdale, AR Prairie Village, KS Don Woods, Jr., Vice-Chairman Scott Hayes Alan Larsen Jay Lawrence Alan McKeever Chuck Murfin Woods Supermarket - Bolivar, MO Albertson’s, LLC Houchens Industries Lawrence Brothers McKeever’s Ozark Supermarkets Fort Worth, TX Bowling Green, KY Sweetwater, TX Independence, MO Ozark, MO Dave Nicholas James Neumann Pat Raybould Jeff Reasor Randy Stepherson Erick Taylor Dale Trahan Nicholas Valu Market, Inc. B&R Stores Reasor’s Superlo Foods RPCS, Inc. Dale Trahan Supermarkets Louisville, KY Lincoln, NE Tahlequah, OK Memphis, TN Springfield, MO Enterprises Boonville, MO Rayne, LA DEAR SHAREHOLDERS March 20, 2016 Your Board of Directors and management are pleased for AWG and member stores. Also, resulting from the to present the audited results for our fiscal year reduced shrink, AWG is paying a one-time reclamation 2015. Consolidated company sales reached another bonus payment of 10%, which is supplemental to the all-time record of $8.94 billion. Total year-end typical reclaim rebate of 30%. patronage after retainage was $193.8 million, which AWG’s strong results for 2015, which overcame our was 2.79% of qualifying sales. Total distribution top-line sales challenges, were made possible by our including patronage, allowances and interest back members and a superior cooperative model, whereby to members was $544.4 million.
[Show full text]