Third Quarter Results
The Nova Scotia Liquor Corporation (NSLC) released its third quarter results today, Feb. 18, for Sept. 30 to Dec. 29.
There continues to be strong growth in all local beverage alcohol product categories. Nova Scotia ready-to-drink sales, driven primarily by vodka coolers, were up 79.8 per cent to $3.5 million while Nova Scotia craft beer sales were up 26.1 per cent, to $5 million. Nova Scotia spirit sales grew by 20.8 per cent to $2.9 million while Nova Scotia wine sales were up by 3.8 per cent to $3.6 million.
There were 521,287 cannabis transactions with an average dollar value of $33.39. The average dollar value of each beverage alcohol transaction grew by 0.9 per cent to $33.05.
Total sales were up 2.6 per cent to $185.5 million with $168.1 million in beverage alcohol sales and $17.4 million in recreational cannabis sales. Compared to the third quarter of the previous fiscal year, net income for the NSLC was $65.5 million, up 1.2 per cent.
A detailed news release can be found on the NSLC website at https://www.mynslc.com/en/About-NSLC/Media-Centre/News-Releases/NSLC-Releases-Third-Quarter-Financial-Performance