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Industry NewsFederated Co-operatives Limited achieves $12B in total sales for 2023

Federated Co-operatives Limited achieves $12B in total sales for 2023

Federated Co-operatives Limited (FCL) has reported $781 million in net earnings and $12.5 billion in total sales.

FCL also distributed $399 million in patronage back to local Co-ops. Heather Ryan, FCL CEO says she’s very “proud of our 2023 results, and $399 million in patronage allocation means that Co-ops are able to pass the benefits on to Co-op members and communities across Western Canada.”

She adds that “sharing our financial success is one way we generate value for local Co-ops and the communities they serve. Through the distribution of our earnings, local Co-ops can pass the benefits on to Co-op members and communities across Western Canada. The value proposition of Co-op, is when people support Co-op, they’re supporting their community.”

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