January 26, 2015

LCB Reports 4.6 Percent Sales Increase In First 6 Months

The Liquor Control Board Monday announced its unaudited operating results for the first half of fiscal year 2014-15.
PLCB wine and spirits sales totaled $993.1 million for the six-month period ending Dec. 31, 2014, a 4.6 percent increase over first six months of the prior year. December sales increased nearly 7 percent year over year.
The agency set a new one-day sales record on Dec. 31, 2014, bringing in $19.3 million (excluding all taxes). The previous record was $18.5 million set on Dec. 23, 2011.
Both wine and spirits sales showed growth when compared to the same period last year. Wine sales increased by 5.4 percent, while spirits sales increased by 4.5 percent at Fine Wine & Good Spirits stores.
As a result of positive sales growth, the agency reported interim net income of $79.1 million, a 3.9 percent increase over last year, and remitted more than $247.2 million in sales and liquor tax to the Commonwealth, an increase of $10.7 million or 4.5 percent over the first six months of 2013-14.
For more information, visit the Liquor Control Board website.