State of the Co-op, July 2021

To Our Community,

Last night at the Co-op Board of Directors meeting, I presented a brief overview of the Co-op’s operations for the month ending July 2021. Below are the highlights.
Overall, July’s activity remained robust. The graphs below reflect data for sales, customer count, basket size, average price for gas and gallons pumped for the years 2019 through July 2021.


Grocery, Meat, Produce, Dairy, and Frozen Foods continue to provide strong sales growth. However, sales for the month were below budget. On a year-to-date basis sales continue to exceed budget for the same time periods last year.

July 2021 Monthly Sales


Customer visits for July are up over last year but lower than 2019’s figures. As shoppers return to our stores more frequently, and with pantry restocking moderating, average basket size has declined slightly through 2021, albeit leveling off over the past several months, and remains below 2020 levels and ahead of 2019 levels.

July 2021 Customer Count


Gas prices have risen recently by as much as $0.79 per gallon since the beginning of the year. Our average price is approximately $0.81 per gallon more than July last year. For the month of July, we pumped 12,352 more gallons than the same period last year. Sales of our non-gas business was ahead of budget for the month.

July 2021 Average Price of Gas

July 2021 Gas Pumped

Wrap Up

Thank you to all of our members and shoppers for the continued support. We will talk again on next Thursday. In the meantime, if you would like to discuss anything in this report, or anything else at all, please reach out to me anytime.

Be kind to one another and to yourselves, and we look forward to serving you in our stores and at the curbside.

Onward and upward,


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Paul Guidone

Paul Guidone, CFA, spent the better part of four decades in the investment management business here and abroad. He held positions ranging from analyst through Deputy Chairman and Group CEO, at organizations such as Citigroup (US) and The HSBC Group (London and Hong Kong). He joined the Co-op in 2016 as the CFO and in 2018 became Strategic Advisor to the General Manager. Paul was appointed by the Co-op Board as interim General Manager in March 2020 and General Manager in September 2020. To contact, email

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