Alcool NB Liquor

Alcool NB Liquor announces year-end results for 2008-09 (09/09/11)

NB

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.

09/09/11

MEDIA CONTACT: Nora Lacey, Alcool NB Liquor, 506-452-6453, nora.lacey@anbl.com.

2008-09 fact sheet

Operational information

  2008-09 2007-08
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
Licensees $52,418,187 13.3 $50,327,798
Agents $73,589,430 18.6 $67,639,418
Others $1,563,644 0.4 $1,596,809
Total $394,831,692 100 $379,617,692

Total sales (millions)

  Spirits Wine Other Beverages Beer Total % change yearly
2008-09 $89.4 $61.3 $22.1 $222 $394.8 4.0
2007-08 $84.3 $56.8 $20.7 $217.8 $217.8 5.5

Litres sold (millions)

  Spirits Wine Other Beverages Beer
2008-09 2.99 5.01 3.04 51.06
2007-08 2.90 4.81 2.97 51.43

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
Property taxes $323,888 $323,127
Government of Canada    
Harmonized sales tax $26,629,298 $28,798,613
Excise tax and customs duties $16,508,005 $15,901,949
Total remittance $199,713,640 $187,152,578

09/09/11