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.