Belfast Telegraph

Monday 21 April 2014

Boots enjoys robust sales despite freeze

Health and beauty chain Boots overcame last month's heavy snowfall and freezing temperatures to record robust like-for-like sales growth.

Boots reported a 3.8% rise in UK retail revenue including VAT on a same-store basis in December, driven by healthcare, fragrances and electrical beauty. The group added it had made market share gains in its core health and beauty categories.

Boots - part of the wider Alliance Boots group, which was taken private in 2007 - disclosed the sales numbers to staff in an update from chief executive Andy Hornby.

Mr Hornby said the UK performance was "particularly pleasing", given the disruption caused by the adverse weather.

He said the group was set to deliver a strong financial performance in the current financial year and recorded a 14.3% increase in group revenues in the three months to December 31. UK retail revenue for the quarter rose 2.8% on a like-for-like basis, while revenues in the Pharmaceutical Wholesale division grew by 24.4%, as the company expanded the division internationally.

Alliance Boots is also the majority shareholder in Hedef Alliance in Turkey and bought over Anzag in Germany in 2010.