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Liquor Commission reports $744 million in FY24 sales, details NextGen rollout and competition with national retailers
Summary
The Liquor Commission briefed the committee on FY24 net sales of roughly $744.4 million, its Microsoft-based NextGen retail and wholesale system rollout, online and curbside sales growth and competitive pressures from large private retailers operating in neighboring states.
Chairman Joseph Mollica and CFO Tina Demers presented the New Hampshire Liquor Commission——s financial and operational report to Finance – Division I, including FY24 sales, statutory transfers to health funds and ongoing capital and IT investments.
Sales, transfers and margins
The commission reported net sales of about $744,400,000 in FY24. Demers described the statutory transfers the commission makes: 5 percent of prior-year gross profit is directed to the Alcohol Abuse and Prevention Fund (per RSA 176:16) and another transfer to support the Granite Advantage Health Care Fund (per RSA 126-AA). Demers reported transfers to those funds and the…
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