The Nova Scotia Liquor Corporation (NSLC) released its third-quarter financial results today, February 21.
Total sales from October 3, 2022, to January 1, 2023 were up 6.1 per cent to $228.1 million, with an increase in both beverage alcohol and cannabis sales compared with the same time last year. Beverage alcohol sales increased 5.6 per cent to $200.5 million, and cannabis sales increased 9.2 per cent to $27.6 million.
Earnings increased 6.6 per cent to $78.9 million, influenced by the busy holiday season.
Sales growth of Nova Scotia beverage alcohol products was led by locally produced coolers, while local cannabis led the growth of Nova Scotia products overall with a 29.9 per cent increase in sales to $8.5 million.
Other results include:
- ready to drink products: up 19.1 per cent to $7.6 million
- beer: up 6.5 per cent to $7.1 million
- spirits: down 1.7 per cent to $4.3 million
- wine: down 3.2 per cent to $4.8 million
A detailed news release can be found on the NSLC website at: https://www.mynslc.com/About-NSLC/Media-Centre/2023/NSLC-Third-Quarter-Financial-Results-2023