|
“Caring, Every Day” is the theme of this year’s report. We
chose this theme to show the many ways LCBO employees and customers care. This
theme is brought to life throughout the report in five sections: Caring for
Community, Caring for the Environment, Caring for Customers, Caring for Quality
and Caring for Employees.
In fiscal 2009-10, LCBO’s dividend to the provincial
government increased to $1.41 billion, $10 million higher than 2008-09. It
marked the 16th straight year LCBO increased its dividend. Net income also set a
new record, totalling $1.436 billion and representing a 1.8 per cent increase
over the previous year.
GO LOCAL
LCBO continued to support the domestic industry. Ontario
VQA table wine sales grew 19 per cent and Ontario craft beer sales rose 49 per
cent. Overall beer sales were up 6.3 per cent. Sales of single-serve cans
continue to drive category growth as this segment has tripled in volume during
the last six years. Spirits, LCBO’s highest margin product category, finished
$2.4 million ahead of the year before, marking the 15th consecutive year of
spirits growth.
LCBO also continued to upgrade its store network by opening
seven new stores and replacing nine other stores to improve product selection
and bring older stores up to current LCBO corporate standards. These new stores
provide the LCBO with a solid return on investment.
COMMITTED TO CORPORATE SOCIAL
RESPONSIBILITY
LCBO retail staff challenged more than 2.6 million
customers who appeared to be underage or intoxicated and refused service to
155,000 (82 per cent for reasons of age). In 2009-10, LCBO raised $4.2 million
for charities through special programs and initiatives; most of this money was
raised by customers at the checkout via the monthly province-wide donation box
program.
|