Mar 6, 2023
FCL Has Double Digit Year-Over-Year Growth
Federated Co-operatives Limited (FCL) had $12.5 billion in sales for 2022, a 38 per cent increase from $9.1 billion in sales for 2021. Net earnings for the year were $411 million, allowing it to return a $348 million patronage allocation to local co-ops. Gross margin was $1.7 billion compared to $1.3 billion. In 2021, net earnings were $495, from which it returned $353 million to its co-ops. The contributions support local co-op owners’ businesses and enable them to invest in their facilities and communities. FCL has more than two million co-op members across western Canada.
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