Hanover Consumer Cooperative Society Announces 2017 Results

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.

About Hanover Co-op Food Stores

The Hanover Co-op Food Stores—also know 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 has grown to become the oldest and second largest of its kind in the United States. Today, the Co-op serves more than 5,000 customers each day. For more than 80 years, the Co-op has maintained a stated commitment to buying locally produced food. With locations in New Hampshire and Vermont, this cooperative generates sales of more than $70 million annually from its three grocery stores, community market and auto service center.

Hanover Co-op Food Stores
Administrative Offices
2 Buck Road, Suite N
Hanover, NH 03755