Second Quarter Results

The Nova Scotia Liquor Corporation (NSLC) released its second quarter results today, Oct. 29, for July 1 to Sept. 29.

There was strong growth in all local beverage alcohol product categories. Nova Scotia ready-to-drink sales, which are mostly coolers and ciders, were up 120.3 per cent to $6.2 million while Nova Scotia craft beer sales were up 18.9 per cent, also to $6.2 million. Nova Scotia spirit sales grew by 17.4 per cent to $2.5 million while Nova Scotia wine sales were up by 2.9 per cent to $3.9 million.

There were 538,752 cannabis transactions with an average dollar value of $33.76. The average dollar value of each beverage alcohol transaction grew by 1.8 per cent to $31.83.

Total sales were up 11.8 per cent to $203.7 million with $185.5 million in beverage alcohol sales and $18.2 million in recreational cannabis sales. Compared to the second quarter of the previous fiscal year, net income for the NSLC was $73.8 million, up 5.2 per cent.

Additional Resources:

A detailed news release can be found on the NSLC website at: https://www.mynslc.com/en/About-NSLC/Media-Centre/News-Releases/Second-Quarter-Financial-Performance-Release