Financial Report

By Elka Malkis

Our fiscal year 2005 ended on June 30, 2005. Sales were at an alltime high: $30,294,979. This includes sales of $4,982,824 at our warehouse.

We had an average of 2,436 shoppers each day, compared to 2,326 last year. The average transaction was $28.57, compared to $27.99 last year.

Of total sales almost 70% were to members. That means that when the auditor is finished with us and all yearend numbers are finalized, almost 70% of profit will be returned to members as cash and equity (patronage refund). In addition to the coming patronage refund, members got a total of $359,170 in virtual coupon discounts and $121,4 48 in member specials.

For complete details on the year's financial performance and patronage refunds, be sure to attend our annual meeting on October 27th.