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Profit Profile |
Since 2000, total sales have almost tripled, from $3.27 billion to $9.66 billion in 2018. Total year-end patronage has increased from $47.3 million in 2000 to $210.5 million in 2018. That represents over a four-fold increase in 18 years.
Stock Value
Since 1980, AWG’s stock value has increased steadily. 15 shares of AWG stock purchased in 1980 for $6,075 would have a value of $396,000 in 2018. New members are required to purchase 15 shares of stock. The cost of the stock in 2019 is $2,300 per share.
Patronage
Previous years’ patronage has been in excess of 2.5% of purchases with 2.67% in 2018. The year-end rebate is distributed in cash and certificates. A portion of “return of profit" is retained by AWG and provides the capital base to operate the wholesale distribution centers.
Allowances
Members also earn direct patronage product allowances on all promotional goods, credited weekly to the member’s statement. Central billing discounts are netted at invoice level every week. |
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