Calgary Co-op's sales increased in 2025, and the member-owned grocer achieved a $6-million profit, according to its latest consolidated financial statement. The co-operative's total sales, including all businesses and subsidiaries, reached $1.55 billion, up from $1.48 billion in 2024, when it reported a $10-million loss.
Executive Chair Highlights Growth
Ken White, the company's executive chair, described 2025 as a year of "growth, momentum and meaningful impact." In a video posted on Calgary Co-op's website, he stated, "Even in the face of global uncertainty, we did what we do best. We supported local producers, strengthened our economy and gave back to our members and our community."
Drivers of Growth
According to the company, last year's growth was largely driven by a full year of operations from Care Pharmacies, which Calgary Co-op acquired in early 2024. The co-operative's expenses totaled just under $1.49 billion in 2025, compared to $1.43 billion in 2024. Net earnings reached $6.1 million, a significant turnaround from the previous year's loss.
Calgary Co-op continues to invest in its core assets, spending $70 million in fiscal 2025 and $170 million over the last three years. Half of that amount, $85 million, was allocated to the redevelopment of the Oakridge food store and third-party tenant building, as well as a newly opened grocery store in Cochrane with a gas station, car wash, and liquor store. The co-op also added two new pharmacies and walk-in clinics.
Other new ventures include a Community Natural Foods and cannabis retail outlet in Seton, and a grocery store in North Hill, though these opened during the current fiscal year. The co-operative added more than 38,000 new members in 2025 and forecasts consolidated sales of $1.6 billion for the 2026 fiscal year, which runs until the first Saturday in November.
Annual General Meeting Draws Crowd
The financial report was released just before Co-op's annual general meeting, held April 23 at the Carriage House Inn. This year's AGM saw heightened interest from members, possibly due to the recent closure of two grocery locations in northwest Calgary and the ongoing absence of a permanent chief executive, following Ken Keelor's abrupt departure nearly 18 months ago after a decade at the helm.
A members' proposal submitted for the AGM questioned why a new permanent CEO has not been named and expressed concern that the co-op "may now be falling behind" in the grocery and food and beverage sector. The proposal stated, "It has been more than 18 months since our co-operative has been without an apparent permanent CEO, and limited transparency and communication on this matter has been provided to member-owners."
While the co-operative's news release did not elaborate, it confirmed that Calgary Co-op is "very close" to naming a new chief executive and "looks forward to making that announcement soon."
