NSLC Second Quarter Sales Results.

The Nova Scotia Liquor Corporation (NSLC) released its second-quarter financial results today, October 24.

Total sales from July 3 to October 1 were up 1.2 per cent to $242.1 million, with an increase in both beverage alcohol and cannabis compared with the same time last year.

Earnings increased 0.6 per cent to $83.3 million.

Second-quarter results also show an increase in most sales channels, with a 2.7 per cent increase in sales to bars, restaurants and pubs, a 1.7 per cent increase in NSLC retail stores and a 0.1 per cent increase in independently owned agency stores.

Sales growth of Nova Scotia beverage alcohol products was led by locally produced beer, with a 5.1 per cent increase to $9.1 million. Cannabis led the growth of Nova Scotia products overall, with a 19.6 per cent increase to $10.3 million.

Other local product sales results include:

• ready-to-drink products – down 0.7 per cent to $11.2 million
• wine – down 4.9 per cent to $5.2 million
• spirits – down 5.1 per cent to $3.3 million.

Additional Resources:

A detailed news release is available on the NSLC website at: https://www.mynslc.com/en/About-NSLC/Media-Centre/2023/NSLC-Second-Quarter-Financial-Results

Source : Release