NB Liquor releases second-quarter results29 October 2018
FREDERICTON (GNB) – NB Liquor today released its unaudited results for the quarter ended Sept. 23. Total sales for the quarter were $128.9 million, 4.9 per cent higher than the quarter ended Sept. 24, 2017.
Key product sales trends for the second quarter were:
- spirit sales increased 4.1 per cent, up $1 million over last year
- wine sales grew 2.9 per cent, up $700,000
- beer sales increased 4.1 per cent, up $2.5 million
- coolers and ciders grew 15.7 per cent, up $1.7 million
“NB Liquor has had a successful second quarter,” said Brian Harriman, president and CEO of NB Liquor. “At the midway point of our current fiscal year, which spans 25 weeks, our sales have increased by 0.3 per cent or $800,000 versus a year ago, which spanned 26 weeks.”
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, 89 private agency store outlets, and 66 grocery stores selling wine and cider. Its product portfolio comprises 2,267 products, including wines, spirits, beers and other products, such as coolers and cider products. NB Liquor’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every five to six years.
Over the course of the last 42 years, NB Liquor has built a network of stores in 33 communities around the province. These communities benefit from the employment of about 620 people.
The corporation also released the expenses of the board of directors and of the president and chief executive officer for the second quarter. The expenses are available online.