Rocky Mountain Liquor Inc. Reports Q3 2024 Financial Results

Rocky Mountain Liquor Inc., listed on the TSX Venture Exchange, announced its financial outcomes for Q3 2024. The company recorded sales of $10.9 million, a decline from $11.3 million in the same period in 2023. Despite steady gross margins of 23.4%, net comprehensive income dropped to $112,111, compared to $261,436 in the previous year. Adjusted EBITDA also decreased.

The company attributed the reduced financial performance to external challenges such as increased competition, road construction, and store closure. However, strategic investments like a new point-of-sale system aim to enhance operational efficiency.

The Alberta retail sector faces consumer confidence issues and inflationary pressures, but potential economic growth offers future opportunities. The decision to maintain the existing liquor retailing model in Alberta provides stability, supporting small businesses and consumer choice. Rocky Mountain Liquor focuses on enhancing marketing strategies, optimizing operations, and preparing for growth in a stabilizing environment.