PEILCC 2023 Annual Report

The PEI Liquor Control Commission delivered both an increased net profit and an increased transfer to the provincial government in fiscal 2022-2023. Gross receipts were $141,049,038 for the fiscal year ended March 31, 2022, an increase of $9.49M over the previous year. This increase came as a result of new sales and marketing initiatives. Net transfers for the year totaled $49,884,597. This year’s performance resulted in a $1,916,243 increase in the PEILCC’s contribution to the Province over the previous year. PERFORMANCE HIGHLIGHTS The PEILCC set inventory turnover goals at the beginning of the fiscal year as part of its strategic plan. These turnover ratios were based on the year ended March 31, 2023 to measure inventory efficiencies. The PEILCC has been better able to manage the days in inventory and the warehouse level in order to meet the needs of our customers. Store inventory turns are up slightly from last year which can be attributed to the increase in the number of products held in store inventory and necessary to fulfill customer demands. An improved store ordering process continues to keep store inventories in check and ensured better distribution and availability of inventory across the retail network. In addition, the central warehouse has been reconfigured to optimize space and manage warehouse efficiency.

PLEASE DON’T DRINK & DRIVE

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PEILCC 2022-2023 Annual Report