LCBO announces $4.997 billion in sales for 2013-14 fiscal year
Toronto, ON – The LCBO today announced a net sales growth of 2.2%, up $105 million, to $4.997 billion for its 2013-14 fiscal year.
Net income grew 2% to $1.745 billion, an increase of $34 million, while a $1.740 billion dividend was delivered to the Ontario government, up $40 million over the previous year
As reported in early July, sales of local craft beer grew to$50.2 million, up nearly 27 per cent over the previous year.
Key net sales figures by category (excluding Private Ordering):
- Spirits $1.983 billion, up 1.0 per cent
- Beer $945 million, up 2.4 per cent
- Wine $1.808 billion, up 3.3 per cent
- VQA through VINTAGES $20.9 million, up 9.5 per cent
- Imported wines $1.398 billion, up 3.0 per cent
- Gift cards $76.6 million, up 21.8 per cent
According to the LCBO’s beer sales data, only 5.3% of its total beer sales for the 2013-14 fiscal year comprise craft beer.
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