Second-Quarter Results

The Nova Scotia Liquor Corporation (NSLC) released its second-quarter financial results today, October 26, for July 5 to October 3, 2021.

Total sales for the quarter were up 5.1 per cent with an increase in both beverage alcohol and cannabis sales. This was driven by extra selling days compared to the same quarter last year, increased store hours due to pandemic restrictions last year, and the addition of 18 new cannabis stores.

There was a 0.8 per cent increase in earnings this fiscal quarter to $78.4 million.

There was a 7.3 per cent increase in the number of store transactions and a 1.4 per cent decrease in the average dollar value of each transaction, indicating a continued gradual return to pre-pandemic purchasing patterns.

Nova Scotia products experienced growth across all categories with local cannabis leading that growth with a 31.6 per cent increase in sales to $5.5 million. Nova Scotia wine sales grew by 28.5 per cent to $4.7 million compared to the previous fiscal quarter. Local craft beer sales grew 22.9 per cent to $7.7 million. Nova Scotia spirits sales increased by 19.6 per cent to $3.2 million and ready-to-drink sales grew by 3.4 per cent to $10 million.

Additional Resources:

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