It was a strong year for Westview Co-op posting a record year for sales.
Westview Co-op held its Annual General Meeting on May 9 at the Hanna Legion. It was a good year for the Westview Co-op posting over $156,000,000 in sales.
“We had a record year in sales. Part of it was due to inflation, but part of it was real growth on our energy side, it was real growth in our litres sold,” said general manager Mike Isaak.
He notes that the home centres didn’t meet the same level of sales as the previous year, although Isaak says this was expected, as renovations boomed in the years during COVID when many took on home projects.
He adds that food sales held their own.
“Our bottom line was very similar to what it was last year. We didn’t have any wage subsidy as we did in the previous year from the government, so when we compare without that factored into our bottom line was a little bit better this year,” said Isaak.
The Co-op’s equity in 2022 was about $1.8 million and just over $740,000 was paid back in cash to members.
There were several other activities in the previous year at Westview Co-op. Locally, the gas bar received a refresh and the former Greentree Mall was demolished.
Last year Federated Co-op acquired 171 Husky retail fuel sites. Westview Co-op purchased the former Husky retail fuel dealership in Hanna. The deal was completed in September, and in February of his year, they held its grand opening.
It also acquired Grass Lumber and Sales, expanding into Didsbury, and completed a large renovation to the Olds food store.
There was one new board member appointed at the AGM. Kurt Ratzlaff of Linden was brought on as director.
