2019 Business and Financial Update

You’re local and so are we. Local is our thing. And together, we’ve done great things over the past year.

These days, it seems every grocery store claims to be “local.” Calgary Co-op’s roots go back to Alberta’s farmers and ranchers and our first food store that opened in 1956. You could say that Calgary Co-op was here before local was even a thing.

As a member-owner of Calgary Co-op you’ve supported local producers and local jobs. You’ve helped investment stay in the Calgary area, and helped your neighbours through local charities and community organizations.

We’ve honoured our tradition of providing you with a local, independent shopping alternative. As a member-owned and locally operated co-operative, we’re always evolving to meet the changing needs of our community and respond to market and economic forces. We owe it to our members to ensure the businesses we operate remain profitable and provide a return through the annual member refund each year.

2019 Calgary Co-op Business & Financial Update & 2020 Director Election Results

2019 Member Patronage

Calgary Co-op members received $37 million through the annual member refund: $9 million was paid in share equity and $28 million was paid in cash.

The 2019 annual member refund was based on the following:

 - 2% refund based on purchases at food centres, pharmacies, convenience stores, home health care centres, wine, spirits and beer and cannabis locations (with the same allocation rate as in 2018); and

 - 8 ¢ per litre refund based on petroleum fuel purchases (a 2 cents per litre increase over the 6 cents per litre allocated in 2018).

Annual Reports

Financial information, board reports other annual highlights.