Boots has reported a significant uptick in its financial performance, with a notable increase in online and makeup sales driving turnover growth for the financial year ending 31 August, 2024. The renowned high street pharmacy chain, headquartered in Nottingham, disclosed a 6.9 per cent rise in year-on-year turnover.
The company experienced a robust final quarter, with retail sales climbing by 6.2 per cent compared to the previous year, while digital sales soared by an impressive 18.7 per cent. Makeup sales also saw a substantial increase of nearly 15 per cent, as reported by .
According to Boots, its store sales were bolstered by heightened activity in destination health and beauty sectors, convenience and flagship stores, as well as airports, which enjoyed "good growth".
The beauty segment continued its strong performance, registering over six per cent growth in sales year-on-year.
Furthermore, Boots highlighted that the demand for NHS and private healthcare services significantly contributed to a 10 per cent pharmacy growth year-on-year, culminating in a 4.9 per cent overall increase for the year.
As the critical Christmas period approaches, Boots is intently focused on maximising its performance during this peak trading time.
Seb James, managing director of Boots º£½ÇÊÓƵ and ROI, expressed his satisfaction with the results: "I'm delighted to close the year with such a strong set of results."
He added, "We have delivered a 14th consecutive quarter of market share growth and are seeing positive momentum across the whole business, with healthcare now performing strongly alongside our innovative beauty business."
James also emphasised the company's dedication to the upcoming holiday season, stating, "We're laser focused on preparations for our peak trading period, with our Christmas gifting range landing in stores and Black Friday just around the corner."
"As I prepare to hand the leadership baton over to Anthony, I am confident that I am leaving the business in a very solid position, well set up to continue delivering on its exciting transformation."
"It has been a privilege to lead this business over the last six years and I'm incredibly proud of our team members for everything they do to make Boots as relevant today as it was 175 years ago."
