FORT WAYNE, INDIANA — Do it Best Corp. surpassed $3 billion in total sales for its recently ended fiscal year, the co-op announced.
Sales for the co-op’s 2016 fiscal year, which ended June 25, totaled $3.02 billion, up from $2.99 billion for FY2015. The milestone reflects a year of strong member growth and expansion, supported by retail performance programs and new product introductions.
“While we are certainly excited to reach this sales milestone, what continues to be our top priority is providing the right products, programs and services to help our members grow and achieve their dreams,” said Do it Best Corp. President & CEO Dan Starr. “Hitting this milestone reinforces that our committed team is executing well to serve our member-owners’ needs all around the world. This also means we’ll be distributing member rebates in excess of $100 million for the 13th consecutive year.”
Exceeding $3 billion in annual sales also moved the co-op to the top of a recently published list of leading Indiana businesses.
The Indianapolis Business Journal recognized Do it Best Corp. as the largest privately held company in Indiana based on revenue and the only one in the state to surpass $3 billion.
“We are proud of what we accomplished on behalf of our members throughout our fiscal year,” Starr added, “and we are eager to make the coming year an even more successful one.”
Source: Do it Best Corp.