The Pennsylvania Liquor Control Board (PLCB) released unaudited financial results Wednesday for the 2018-19 fiscal year that reflect record retail sales and record net income. Sales in the most recently completed fiscal year total $2.67 billion (including liquor and sales taxes), a $75.2 million or 2.9 percent increase over the prior year and previous retail sales record. The PLCB has achieved year-over-year sales growth each year for at least the past two decades.

Net income for the year totaled a record $191 million, $32.8 million or 20.7 percent higher than the prior fiscal year and exceeding the PLCB’s $185.1 million cash contribution to the General Fund by nearly $6 million. The substantial increase is due mainly to increased gross profit from sales and reduced operating expenses related to workers compensation and post-employment benefits.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.