Rocky Mountain Liquor Reports Second Quarter Financial Results for 2024

Rocky Mountain Liquor Inc. (TSX-V:RUM) has released its financial results for the second quarter ending June 30, 2024. The company reported sales of $10,183,261, a decrease from $11,242,366 in 2023. Net comprehensive loss stood at $171,500 compared to an income of $312,689 in the same period last year. EBITDAR was at $527,806, down from $905,222 in 2023.

Key reasons for these changes include lower sales due to increased competition, road construction affecting customer access, and unfavorable weather in Alberta. Higher operating expenses, implementation of a new point-of-sale system, and the closure of one store also impacted financial results.

Despite these challenges, Rocky Mountain Liquor continues to focus on improving customer experience and adapting to economic conditions. Detailed interim financial statements are available on SEDAR+ and the company's website.