Local News

NB Liquor reports Drop In Sales, Profits

8/3/2012

Profits at NB Liquor fell by $1.1 million during the first quarter of this fiscal year, as compared to the same period last year.     The Crown corporation reports that total sales were $99.2 million _ a drop of $4.7 million.     Despite the drop, president Daniel Allain says the numbers are in line with expectations.     He says beer sales and store visits were expected to drop because of a deep discount on beer last year that accounted for $4.5 million in sales in 2011.     Allain says a reduction of $200,000 in operating expenses this year has helped offset the revenue shortfall.     The report says that wine sales grew, while spirits, beer and other beverages declined.