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KANSAS CITY, Kan. - Associated Wholesale Grocers (AWG) of Kansas City, Kan., announced at its March annual shareholders meeting that the company achieved record sales of $3.7 billion on a consolidated basis, up 18.5 percent from the prior year, on a 52-week basis ending Dec. 27.
AWG, a cooperative wholesaler that supplies independent retailers in 19 states throughout the Midwest, earned operating income of $64.7 million, an improvement of $8.9 million or 16 percent from the previous year. During the year, the cooperative returned a record $257 million to its membership through promotional allowances, patronage and interest.
Last August AWG purchased six former Fleming distribution facilities, closing three and continuing to operate two grocery centers in Southaven, Miss., and Nashville, Tenn. The company recently began operating the third facility in Memphis, Tenn. as a general merchandise and specialty foods distribution center. To date, AWG has added over 500 retail locations to their list of customers through this transaction.
"Our company has taken advantage of tremendous opportunities this year," said Gary Phillips, president and c.e.o. of AWG. "The cooperative approach to supplying goods and services has proven to be a very efficient and effective tool in allowing our retailers to win in a very competitive environment."