Pennsylvania Liquor Control Board (PLCB) retail sales for fiscal 2017, ended June 30, were a record $2.53 billion (including liquor and sales taxes), a $95.5 million or 3.9% increase over the prior year and previous retail sales record. PLCB contributions to state and local government beneficiaries totaled $764.7 million for the fiscal year, an increase of $138.4 million, or 22.1%, over the prior year and previous record.
Net income for the year totaled $104.9 million, a $1 million, or 1 percent, increase over the prior year. Net income growth is attributable to increases in license fees (surcharges) of $17.9 million and gross profit growth of $16.3 million. Such growth, however, was substantially offset by a $30.3 million increase in operating expenses. Net income as a percentage of sales declined to 5.2 percent from 5.4 percent the prior year.