PLCB Releases 2014 Sales Data

The state’s sales from the first half of FY14/15 totaled nearly $1 billion, and represented a 4.6 percent increase over 2013/14. The agency also announced that Dec. 31, 2014 now holds the state’s one-day sales record, with $19.3 million in sales excluding taxes. From the press release:

 

Harrisburg – The Pennsylvania Liquor Control Board today announced its unaudited operating results for the first half of fiscal year 2014-15.

Advertisement

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.

The PLCB regulates the distribution of beverage alcohol and also operates more than 600 Fine Wine & Good Spirits stores statewide. Taxes and store profits are returned to Pennsylvania’s General Fund. For more information about the Liquor Control Board, visit www.lcb.state.pa.us.

LEAVE A REPLY

Please enter your comment!
Please enter your name here