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Monday, January 30, 2012

Profits Are Up But Booze Sales Still Slide In N.B.

NB Liquor's third quarter profits are up yet fewer people were buying booze over the holidays.

The crown corporation releasing figures show they made more than 44 million dollars from October 3rd to January 1st but sales from spirits, wine and beer are down.

NB Liquor President Daniel Allain says the holiday season traffic was lower than expected and picked up a week before Christmas.

He adds economic uncertainty continued to account for weak volumes in the quarter which were responsible for an overall decline in sales.
Sales for spirits were down 3.2 per cent and wine declined 1.8 per cent while beer sales were down 9.8 per cent.

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