Alcanna Reports 7.6% Growth in Same Store Liquor SalesGood news for RUM as well.
Same-store sales from continuing operations rose by 7.6%. The Company believes this is primarily a result of: (i) the change in pricing strategy that was implemented in 2019 and continued into 2020, which was designed to regain lost market share and grow the customer base; and (ii) shifting customer consumption habits due to more people dining and entertaining at home and continuing to stay away from on-premise liquor establishments (restaurants, bars, lounges, sports venues, etc.). The Company believes these new consumer behaviour patterns have become entrenched in people’s lifestyle choices and expects consumer behaviour will continue in this manner as long as the COVID-19 pandemic remains a threat to the health of Canadians and thereafter as well.
https://www.globenewswire.com/news-release/2021/03/26/2199810/0/en/Alcanna-Reports-7-6-Growth-in-Same-Store-Liquor-Sales-and-Strong-Growth-in-Profitability-in-the-Fourth-Quarter-2020.html