Posted June 13, 2016
LCBO sales reach $5.57 billion in 2015-2016
Toronto – The LCBO today announced its fiscal 2015-2016 financial results highlighting net sales growth of 6.8 per cent, at $5.57 billion.
A dividend of $1.935 billion was transferred to the Ontario government, $130 million more than the previous year.
Ontario craft distillers continue to see strong sales growth, up 63.7% to $3.7 million.
Ontario craft beer sales hit $69 million, up more than 35% over the previous year.
Ontario craft cider saw an increase of 54% to $5.1 million.
“This year’s strong results allowed the LCBO to deliver another record dividend to the Ontario government in the amount of $1.935 billion. Fiscal 2015-16’s record numbers are the result of a continued focus on helpful and knowledgeable customer experiences, expense management and positive market conditions, “ said LCBO President & CEO George Soleas.