Pa. Liquor Control Board reports record revenue

By - Last modified: August 6, 2013 at 10:10 AM

Back to Top Comments Email Print

In a year where it was mired in controversy over Gov. Tom Corbett’s failed privatization efforts, the Pennsylvania Liquor Control Board is reporting record revenue.

The PLCB has reported revenues at Fine Wine & Good Spirits stores reached $2.17 billion in fiscal year 2012-13.

That's a $93 million or 4.5 percent increase over the 2011-2012 fiscal year.

In addition, the agency said it paid a record $512 million in sales tax, liquor tax and transfers to the General Fund, which was an increase of $18 million.

While the board declined to comment on the numbers, it said that sales growth and operational expense control resulted in net income of $128.4 million, a $24.9 million or 24 percent increase over the prior fiscal year.

Retail spirit sales at Fine Wine & Good Spirits stores increased by 3.7 percent, while overall licensee sales increased by a more modest 1.4 percent.

The Pennsylvania Liquor Control Board regulates the distribution of beverage alcohol and also operates more than 600 Fine Wine & Good Spirits stores statewide.

Stacy Wescoe

Stacy Wescoe

Writer and online editor Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at stacyw@lvb.com or 610-807-9619, ext. 104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy

Advanced search
Sponsored by
advertisement
  
  
advertisement
  
  
advertisement
Back to Top