Sept. 11, 2009
FREDERICTON (CNB) - Alcool NB Liquor today announced financial results for the 2008-09 fiscal year ending March 31, 2009.
Total sales increased to $394.8 million, up four per cent over the previous year. Net income increased by 5.5 per cent, to $152.7 million, which represented 38.7 per cent of the corporation's total sales. The corporation remitted $152.4 million to the Province of New Brunswick.
"The strong results we are reporting today are a testament to the dedication and commitment of our employees," said Dana Clendenning, president and CEO of Alcool NB Liquor. "In a year where the economy faltered along with unseasonable summer weather and lower than expected tourism numbers, Alcool NB Liquor's focused approach on customer-first culture enabled us to achieve our financial goals."
Operational efficiencies and strong expense management resulted in an expense-to-sales ratio of 11.1 per cent, lower than the 11.2 per cent fiscal target, and one of the lowest expense-to-sales ratios of any liquor jurisdiction in the country.
Sales revenues rose in all categories as follows:
At the same time, volume results by category were:
Sales to agents were $73.6 million, and sales to licensees were $52.4 million.
Major initiatives of the 2008-09 fiscal year included:
The 2008-09 Annual Report is available online on the Alcool NB Liquor website.
Alcool NB Liquor is a Crown corporation of the Province of New Brunswick, with annual sales of $394.8 million and a network of 48 retail stores, 70 licensed agency partners, 395 permanent employees and 1,983 regular-listed products. While responsibly hosting New Brunswick's beverage alcohol experience, Alcool NB Liquor's vision is to be recognized as a high-performance retailer engaging employees in service excellence.
MEDIA CONTACT: Nora Lacey, Alcool NB Liquor, 506-452-6453, firstname.lastname@example.org.
2008-09 fact sheet
|Number of corporate stores||46||47|
|Number of agency stores||71||70|
|Number of permanent employees||395||404|
|Number of regular-listed products||1,983||2,200|
Sales by source
|2008-09||% of total||2007-08|
|General public||$267,260 431||67.6||$260,053,667|
Total sales (millions)
|Spirits||Wine||Other Beverages||Beer||Total||% change yearly|
Litres sold (millions)
Remittances to governments
|Province of New Brunswick||2008-09||2007-08|
|Payments from net earnings (or net income)||$152,395,268||$140,500,439|
|Environmental Trust Fund||$1,875,181||$1,628,450|
|Government of Canada|
|Harmonized sales tax||$26,629,298||$28,798,613|
|Excise tax and customs duties||$16,508,005||$15,901,949|