Panhandle Coop has told its patrons they are looking forward to a much better 2018 after a difficult 2017 where the cooperative did not make a profit and did not provide patronage to its customers.
Coop President and CEO Charlie Wright says one of the expected positives in 2018 was a negative in 2017. Wright says while the new Bridgeport Ampride store was under construction, they lost sales for a month and had to take a $250,000 depreciation loss when the old store was torn down.
But Wright says the Bridgeport store is already one of the “shining stars” for Panhandle Coop, noting fuel sales have doubled what they were before.
Wright also says they are looking forward to their new partnership with Affiliated Foods, and carrying the popular Shurfine brand they had on grocery shelves before. Wright says Shurfine has their own dairy and will be supplying a milk product at a better price.
Panhandle Coop’s annual stockholders meeting is set for January 17th at 6 p.m. at the Gering Civic Center.