In-store sales rise 2.1%
Montreal, March 21, 2014 – For the third quarter of its 2013–2014 fiscal year, which ended on January 4, 2014, the SAQ recorded sales of $1.049 billion, an increase of $14.3 million or 1.4% from the corresponding quarter of the preceding year. The SAQ also reported net earnings of $380.6 million for the 16-week period, down $8 million or 2.1% from the same quarter in fiscal 2012–2013.
The store and specialized centre network stood out with sales of $941.7 million, a 2.1% increase from the previous fiscal year’s $922.6 million. The network’s volume sales totalled 51.3 million litres, a rise of 1%. In contrast, sales in the wholesale grocer network fell $4.8 million or 4.3% to $107.2 million, while the network’s volume sales decreased 0.8 million litres or 5.8%, ending the quarter at 13.1 million litres.
Net expenses in the third quarter totalled $169.2 million, compared with $159.9 million for the preceding fiscal year. Expressed as a percentage of sales, they amounted to 16.1% for the third quarter of fiscal 2013–2014, as opposed to 15.5% for the corresponding quarter of the preceding fiscal year.
Sales by category for the third quarter
• Red wines remain in the lead with a 70% market share in terms of volume versus 28% for white wines and 2% for rosé wines.
• At 8 million litres, sales of spirits, which are sold only in the store and specialized centre network, remained stable compared with the preceding fiscal year.
• Sales of coolers declined by 0.1 million litres to end the third quarter at 1.5 million litres.
• The imported beers, ciders and related products category held steady at 1.2 million litres sold.