NSLC Announces 2016 Year-End Results

Halifax, June 28, 2016 – The NSLC released its year-end results today (April 1, 2015 to March 31, 2016). Compared to last year:

Net income (earnings) totaled $241.3 million; up $13.3 million or

5.8%

Total sales were $607.6 million; an increase of $16.3 million or 2.8%

Total volume of alcohol sold was up 1.7%

Overall retail customer transactions (purchases) were up 1.1%, while the average dollar value of each transaction grew by 1.0%.

“I am very pleased to report a strong year for our company in 2015-2016,” says NSLC President & CEO Bret Mitchell. “While several factors contributed to these results, including our efforts to control costs, they confirm we’re focusing on the

right things: Customer service excellence, promoting responsible enjoyment, and supporting local industry.”

Local Product Sales Highlights

Nova Scotia wine sales (made with locally grown grapes) grew by 8.7% to $9.6 million.

NS craft beer sales grew by 25.5% to $7.6 million. The craft beer industry has grown significantly over the past year, and now comprises four percent

of all beer sold. There are now 32 microbreweries in Nova Scotia and more than 40 craft beer listings available at NSLC stores.

NS spirit sales grew by 177.3% to $1.5 million. Nova Scotia distillers had a very strong year in sales through NSLC stores. Awareness and popularity of local spirits continued to grow and was helped along after several of the local

varieties carried by the NSLC were recognized and won medals this spring at the World Spirits Competition in San Francisco.

NS commercial wine sales (produced here with imported grapes) were up 7.3% to $21.7 million.

NS commercial beer sales were stable in 2015-2016, at $160.5 million.

NS ready-to-drink products, which are largely ciders, had a strong year with sales increasing by 44.4%. The popularity of ciders in Nova Scotia continues to grow, and now comprises 22 percent of all ready-to-drink sales.