(Halifax, NS) - The NSLC released its year-end results for the fiscal year ending March 31, 2017. The result showed a decrease in earnings ($239.2M) and total volume there was a slight increase in sales ($611.8M).
Overall total beer sales shrank about 1% to $276 million or just over 45% of total sales at the provincial agency and Nova Scotia Craft Beer growth continuing at stellar rate with sales growing by 34.2% to $10.2 million.
The NSLC says there are now 18 local breweries products on their shelves, up from three four years ago and one of every four beer listings in their stores is a local craft beer.
Other items of note are:
- NS Craft Beer surpassed NS wine made with local grapes last year
- Nova Scotia ready-to-drink products, which are largely ciders, had a strong year with sales increasing by 83.7% to $2.9 million
- Nova Scotia commercial beer sales coming in at $160.9 million
(Halifax, NS) - In the latest NSLC year-end results ending March 31, 2016 saw NS craft beer sales grow by 25.5% to $7.6 million. They also say that the craft beer industry has grown significantly over the past year and now comprise four percent of all its beer sales.
Here are the highlights from this years report.
- 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%
Local Product Sales Highlights
- Nova Scotia wine sales (made with locally grown grapes) grew by 8.7% to $9.6 million.
- Nova Scotia craft beer sales grew by 25.5% to $7.6 million.
- Nova Scotia spirit sales grew by 177.3% to $1.5 million.
- Nova Scotia commercial wine sales (produced here with imported grapes) were up 7.3% to $21.7 million.
- Nova Scotia commercial beer sales were stable in 2015-2016, at $160.5 million.
- Nova Scotia 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.