Stay-at-home Orders Drive Sollio Sales

Sollio Cooperative Group had consolidated sales of $8.152 billion for its 2019-2020 year, up $870 million over the previous fiscal year. Earnings before patronage dividends and income taxes reached $201 million, with equity and preferred shares of $2.033 billion and assets of $4.728 billion, up $848 million. The group returned $40 million in patronage allocations and dividends to its members. The group’s retail division (Group BMR) sector benefited greatly from the enthusiasm for renovation generated by stay-at-home orders during the pandemic as well as the resulting building material price increases.