SASKATOON ― Federated Co-operatives Ltd. Enjoyed a strong fiscal year in 2018, while celebrating its 90th anniversary. And those results included healthy returns from its home centre business.
The company’s year-end, which is October 31, generated sales of $10.7 billion, up from $9.8 billion in fiscal 2017, from its five strategic business units, which include crop supplies, feed, food and energy, which itself accounts for more than $7 billion of the total. The co-op’s profits climbed to $1.2 billion, up from $628 million.
(Get the full story on FCL’s annual results, including the performance of its Home and Building Solutions business, in Monday’s eye-popping issue of the weekly Hardlines newsletter. Try it for four weeks, on us! Click here and make sure you get all the news that’s fit to print about Canada’s retail home improvement industry!)
