	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Liquor Stores

Published: April 2024

Market Size & Industry Statistics

The total U.S. industry market size for Liquor Stores: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics	2019 2020 2021 2022 2023
Market Size (Total Sales/Revenue)		Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee

Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook	2024	2025	2026	2027	2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)

Source: AnythingResearch Economic Analysis

Industry Insights

The liquor store industry is facing a range of trends that are simultaneously adding pressure as well as creating growth opportunities for operators in the sector.

Firstly, a growing consumer demand for craft and premium spirits is causing an increase in competition among liquor stores. In response, some stores are increasing their selection of high-end spirits and offering tasting events and product education sessions to differentiate themselves from competitors.

Secondly, the rise of e-commerce is transforming how customers secure their favorite drinks. Many customers are now opting for online stores over traditional brick and mortar outlets. Online sales channels provide customers with access to wider product choices and convenient delivery options.

Thirdly, consumers are becoming increasingly health-conscious and niche wellness beverages, such as kombucha, are gaining in popularity and consumer PREFERENCE for low- or non-alcoholic beverages. Addressing this demand may open up new opportunities, driving growth and expansion for operators that provide services in this space.

Lastly, there are signs of an increase in regulatory pressure and taxes. Tighter regulations could include restrictions on sales hours, licensing renewals and alcohol advertising. However, legislation around the state�s cannabis business models could offer potential opportunities for operators who are willing to evolve their businesses� into multi-faceted retail outlets.

Product & Services Breakdown

Research products and services in the Liquor Stores industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Groceries & Other Food Items For Human Consumption Off The Premises
Dairy Products & Related Foods, Including Milk, Cheese, Butter, Yogurt, Eggs.
Candy, Prepackaged Cookies, & Snack Foods
Bottled, Canned, Or Packaged Soft Drinks & Other Nonalcoholic Beverages
All Other Groceries & Food Items
Alcoholic Beverages Served For Immediate Consumption
Packaged Liquor, Wine, & Beer
Distilled Spirits, Including Liquor, Brandy, & Liqueurs
Wine
Beer & Ale
Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others
Kitchenware & Home Furnishings
Kitchenware
All Other Merchandise
Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared
All Other Meals & Snacks, Including Hot Coffee, Fountain Drinks & Prepared Sandwiches.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Liquor Stores company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Liquor Stores industry is performing.
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Liquor Stores measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios	Industry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance Indicators	Industry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	7%	Order at top of page
Top Executives	6%
Chief Executives	0%
General and Operations Managers	6%
General and Operations Managers	6%
Sales and Related Occupations	76%
Supervisors of Sales Workers	11%
First-Line Supervisors of Sales Workers	11%
First-Line Supervisors of Retail Sales Workers	11%
Retail Sales Workers	64%
Cashiers	42%
Cashiers	42%
Retail Salespersons	22%
Retail Salespersons	22%
Transportation and Material Moving Occupations	9%
Material Moving Workers	8%
Laborers and Material Movers	8%
Stockers and Order Fillers	7%

Source: Bureau of Labor Statistics

Liquor Stores Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Liquor Stores industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Liquor Stores industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Liquor Stores industry.