Showing posts with label q1. Show all posts
Showing posts with label q1. Show all posts

Tuesday, August 27, 2019

Craft Beer Shines as NSLC Announces 2019 Q1 Results


(Halifax, NS) - NSLC Announced Q1 results for April 1st to June 30th and saw sales rise to $174.9 million an increase of $18.1 million or 11.5% primarily due to cannabis. Beverage alcohol sales were $158.8 million and recreational cannabis sales were $16.1 million.
Nova Scotia ready-to-drink products had a strong quarter with sales increasing by 107.7% to $3.3 million with this strong growth primarily driven by coolers and ciders. Beer over all decreased 2.6% to $70.5M or 40.3% of sales over all with Nova Scotia craft beer sales growing by 17.8% to $4.9 million. The Ns craft beer sales now attribute to 6.95% of the beer category. The NSLC now lists products from 30 local breweries, about half of the breweries now open, up from six breweries just six years ago.

Tuesday, August 22, 2017

NS Craft Beers sales grew 48.0% in Q1 NSLC Reports

(Halifax, NS) - The Nova Scotia Liquor Corporation (NSLC) released its quarter-end results today for April 1, 2017 to July 2, 2017. Although overall sales, income and volume all edged down Nova Scotia craft beers sales grew by 48.0% year-over-year to $3.2M.
A large portion of the sales increase was the NSLC putting many local products on their shelves this spread, especially leading up to NS Craft Beer Week in May. 
Another great highlight is sales of Nova Scotia ready-to-drink products, which are largely ciders made with locally grown apples, increased 75.7% to $1.0M.
Overall beer at the NSLC dropped 1.2% to $74.6M to make up 47.0% of total sales. 

Full news release here NSLC Announces First Quarter FY 2018 Results