Retail losses in the last 5 years have been 50 million dollars.
I hope this video is widely available.
It explains the closings very well.
LifeWay.com is growing and healthy.
(You should go watch the whole report through the SBC’s portal, here’s the nearest points on the Lifeway report, unfortunately it’s on my Youtube so you see my face there–Doug)
I’m not seeing a video.
No video
David
I can’t find a video, but I did find an article where Mr. Waggoner talks about Lifeway’s future. Looking at the current and past financial statements, It seems to me that the mismanagement of Lifeway has significantly eroded the financial health of that entity. The entity seems to have grown from 1500 employee to more than 5000 while inflation adjusted sales have remained almost flat.
Unfunded pension debt has exploded to What seems like an unhealthy level. Total losses for the past five years have been well over $100 million (The $50 million loss must be for the stores only.) There needs to be honest reflection about the past and an accurate assessment of the present if there is to be a future at Lifeway.
I’ll go looking at TBR on Facebook. Somebody there had the link to the video, I’ll update your post when I find it.
For starters on video, go here: https://digitalpass.lifeway.com/home/
David
Thank you for posting the video. I beg you to look at the financial statements for Lifeway and compare them to information presented. If I am looking at things correctly, you will be sick when you start to see what he’s doing in that video. His explanation of why the stores are closing is a little cartoonish, but my issue is with the accuracy and characterization of his report. Just start by looking at the statement for 20q5 found in the 2016 Annual.
http://www.sbhla.org/sbc_annuals/