Belfast Telegraph

Superdrug's profits hit despite sizzling sales

By Alys Key

Superdrug sales shone as summer temperatures soared last year, but the chain has revealed a dip in annual profits amid "challenging times" for the high street.

Revenue at the chain was up 3.3% in the 52 weeks to December 29 - driven by the opening of 23 new stores during the period.

Superdrug has around two dozen stores in Northern Ireland.

Sunshine-ready products did especially well due to 2018's heatwave, with sales of bronzing gear up 29% and the Soilait suncare topping the bestselling products.

Meanwhile, sales of own brand vegan products were up 25%, as more consumers switched to conscious consumption.

However the business, which is part of global health and beauty retailer AS Watson Group, reported a pre-tax profit of £88.3m - down from £92.9m in the previous 12 months.

Belfast Telegraph

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