NB Liquor releases third-quarter results09 February 2018
FREDERICTON (GNB) – NB Liquor today released its unaudited results for the quarter ended Dec. 24, 2017.
Total sales for the quarter were $113.6 million, 3.8 per cent higher than the quarter ended Dec. 25, 2016.
Key product sales trends for the third quarter compared to the quarter ended Dec. 25, 2016, were:
- wine sales grew 7.1 per cent, up $1.9 million;
- spirit sales increased 2.5 per cent, up by $800,000 over last year;
- beer sales grew 1.7 per cent, up $800,000; and
- other beverages (coolers and cider) increased 12.9 per cent, by $700,000.
“NB Liquor was able to grow overall sales in every category this quarter,” said Brian Harriman, president and CEO of NB Liquor. “It is great to see our focus on innovative products and key price points are producing great results. For the quarter, we grew our business by $4.2 million in sales versus a year ago.”
NB Liquor is a provincial Crown corporation responsible for the purchase, importation, distribution and retail activity for all alcoholic beverages in the province. It serves the public and licensees through 41 corporate retail outlets and 86 private agency store outlets. Its product portfolio comprises 1,893 products, including wines, spirits, beers and other products, such as cider and ready-to-drink products.
Over the course of the last 42 years, NB Liquor has built a network of stores which are strategically placed in 33 communities around the province. These communities benefit from the employment at NB Liquor stores. This totals about 620 people who live, work and invest in their communities.
The corporation also released the expenses of the board of directors and of the president and chief executive officer for the third quarter. The expenses are available online.