Published on August 17th, 2017 | by OBN Staff
Ontario craft beer sales hit $88.5 million at LCBOTweet
Toronto – The LCBO today released its 2016-17 fiscal year results highlighting revenue of $5.89 billion with net sales growth at 5.8%.
- Ontario craft beer up 27.6% to $88.5 million
- Ontario craft cider up 39% to $7.1 million
- Ontario craft spirits up 62% to $6.3 million
Additionally, the LCBO earned $4.4 million through its ecommerce platform, while grocery store revenue reached $65 million.
A dividend of $2.06 billion was transferred to the Ontario government.
The LCBO’s full Year In Review is available here.