Do it Best at the doorstep of $5 billion
Do it Best has reported $4.8 billion in sales for the fiscal year ended June 24, 2023.
The firm said this builds on three consecutive years of record growth. Since 2021, the company has welcomed nearly 800 new locations to the cooperative.
“We’re executing on an aggressive growth plan focused on increasing expansion through new locations and acquisitions, and adding more members to the Do it Best family, all while serving our existing members with excellence.” said Dan Starr, president and CEO of Do it Best.
“We’ve overcome a difficult retail environment to achieve historic success, delivering the second highest rebate in our history, returning $152 million to our members. This is just one way we’re investing in the continued growth and success of our members’ businesses,” said Starr.
Fiscal year / sales / rebate
2023 / $4.8 billion / $152 million
2022 / $5.5 billion / $129 million
2021 / $5.19 billion / $170 million
The 2023 Do it Best Fall Market will take place at the Indianapolis Convention Center, September 8-11. The market provides members with industry insights, proven best practices, and exclusive purchasing opportunities that drive growth.
“A record number of members are joining us in Indy,” said Do it Best Board Chairman Joe Taylor. “And we’re looking forward to welcoming all of our new members to their first market—as well as welcoming existing members back for another excellent experience.”
Starr said the company is positioned for further success in the next fiscal year: “Having wrapped up a profitable fiscal year, it’s an exciting time of year full of possibilities ahead for our co-op.
“We’re continuing to invest in technology that drives our distribution excellence, as well as a new ecommerce platform and meaningful online content, driving online and in-store sales for our members. We will continue investing in our team and our communities and look forward to another strong year ahead.”
