Pine Bluffs Post - Serving all of Eastern Laramie County since 1908

Texas Trail Market still turning profit

 

Zachary Laux

Texas Trail Market General Manager Bill Cushing said the cooperative grocery store is doing well, but not making enough to make a dividend.

"We are still turning a profit, but it's still not big enough to make a dividend," he said.

The store held its annual meeting Dec. 9 at the Pine Bluffs Community Center gym, serving dinner to 190 people. Cushing said the number of attendants was up from last year by about 40.

Cushing presented the numbers and also gave a speech to all store stakeholders, presenting a brief history of the store. Cushing said the store first opened as a cooperative establishment in 1948, and has changed since then, with the last addition (the new entry way) being built in 2005.

"Hopefully this store will be here for our kids and grandkids," Cushing said.

Financially, the store turned a bigger profit from last year with $1,938,094 in sales, which is $59,608 more than last year. However, the store also saw an increase in expenses.

All sat down and enjoyed a pork chop dinner with mashed potatoes, and cake for dessert. The store raffled off a 50-inch television, along with other prizes. Brenda Armstrong won the TV. Patsy Idler won a $200 gift card to the store. Linda Coffman won an outdoor cooker. Conner Graves won a wine opener. Sixteen others won a combination of smaller prizes, such as $50 gift cards and hams.

Lloyd Sisson announced his retirement after serving on the board for 24 years.

Greg Marquardt was reelected to serve on the board, and Kendra Roeder was newly elected.

The store's net savings dropped from $23,629 in 2012 to $4,068. Total liabilities and members' equity also dropped from $675,403 in 2012 to $665,523, nearly a $10,000 drop.

Visit our website, pinebluffspost.com for the balance sheets presented at the meeting.

 

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