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Despite a rise in sales, Holland & Barrett has reported another year of losses. The health food retailer, headquartered in Nuneaton, disclosed a pre-tax loss of £61.8m for the 12 months leading up to September 2024.

This follows previous losses of £65.3m and £59.6m over the last two years respectively, as reported by .

The company last reported a pre-tax profit in September 2021, amounting to £42.1m. However, Holland & Barrett, which is under the ownership of investment firm LetterOne, saw its revenue increase from £806.1m to £884.5m during the most recent financial year.

The business invested £96.3m in capital expenditure throughout the year, opening 36 new stores and refurbishing over 320 existing ones. These figures were released by Holland & Barrett itself, with full accounts expected to be filed with Companies House by the end of June.

Holland & Barrett reported an eight per cent year-on-year increase in both sales and gross profit for the first half of its current financial period.

'Landmark year' for Holland & Barrett

Alex Gourlay, executive chair of Holland & Barrett, described this as a "This has been a landmark year for our business – one defined by purpose, transformation and a significant investment in the future of this 150-year-old business."

for the company, stating: "This has been a landmark year for our business – one defined by purpose, transformation and a significant investment in the future of this 150-year-old business."

Gourlay stated: "With societal shifts towards prevention, testing and self-care, and insufficient public health care provision due to constraints on national health systems, there is an increasing unmet need which Holland & Barrett was well positioned to serve.