Hanover Consumer Cooperative Society Announces 2017 Results

The Hanover Consumer Cooperative Society Inc. posted an after-tax profit of $172,224 for 2017 on sales of $72,013,580. The cooperative posted a loss on savings before taxes of $42,317. Therefore, the Co-op will not be able to offer a patronage refund which is calculated on savings before taxes. The Co-op pursues a “triple bottom line” business strategy, adding human and environmental impacts into its account books as a way to measure business results, strengthen operations and local communities over the long term. 

The Hanover Consumer Cooperative Society, which does business as Hanover Co-op Food Stores, is a business owned by its more than 23,000 members. Founded in 1936, it now operates retail food stores in Hanover, Lebanon and White River Junction, a market and service center in Hanover, and a production kitchen in Wilder. The cooperative employs nearly 400 people.

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About Hanover Co-op Food Stores

The Hanover Co-op Food Stores—also known as the Hanover Consumer Cooperative Society—is owned by more than 24,000 members. The Co-op seeks to build a well-nourished community cultivated through cooperation. From its founding in 1936 by 17 Dartmouth College professors and their spouses, the Hanover Co-op is now one of the oldest and largest of its kind in the United States. In recent years, this business has served more than 5,000 customers a day. For more than 85 years, this cooperative has stood by its founding commitment to buying locally produced food and goods. From locations in New Hampshire and Vermont, this consumer-owned business generates sales of $85 million annually from three grocery stores, a community market, and two auto service centers.