Le Lézard
Classified in: Business
Subjects: ERN, CPG

The SAQ announces net income of $301.3 million for the first quarter of fiscal 2023-2024

MONTREAL, Sept. 13, 2023 /CNW/ - For the first quarter of its 2023-2024 fiscal year, which ended on June 17, 2023, the Société des alcools du Québec (SAQ) reported net income of $301.3 million, a $24.3 million or 7.5% decrease from the same quarter of the preceding fiscal year.

Results in brief

Net income

$301.3 million



$902.5 million


Gross margin

$433.9 million


Ratio of net expenses to sales



Store and specialized centre (permit holders, agencies and other customers) network 
Wholesale grocer network 
Net expenses

The SAQ's quarterly financial results, including the sales and expense trends for the last five years, are available in its Q1 Financial Report (in French only).

About the Société des alcools du Québec (SAQ)

Created in 1921, the SAQ imports, distributes and sells a broad range of wines, beers and spirits. Its sales network comprises 410 stores and 428 agency stores located throughout Quebec as well as a transactional website, SAQ.com. Driven by the passion and know-how of its 7,000 employees, the SAQ offers Quebecers a world of discovery, with nearly 40,000 products from 3,800 suppliers in 77 countries. In fiscal 2022-2023, the SAQ remitted more than $2.0 billion to the Quebec government and supported some 230 organizations and events while also ensuring its business activities respected local communities and the environment.

For more information, visit the SAQ.COM website, follow us on X (@LaSAQ_officiel) or view our Facebook and LinkedIn pages.

SOURCE Société des alcools du Québec - SAQ

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