Boots delivered 11.7% year-on-year growth in retail sales in the three months to August 31, 2023, as its market share grew for the 10th consecutive quarter.
Total retail sales grew by 12.5% year on year for the full year ending August 31, 2023, driven by “standout performance from skincare and premium beauty categories”.
Skincare sales were up approximately 25% while the premium beauty category saw sales growth of 20% in the quarter.
Sales of Boots own-label skincare grew by a third, with No7 sales increasing by 20% driven by the launch of its Future Renew range.
The UK’s largest health and beauty retailer said sales were boosted by an increase in footfall ahead of the wider market, with city-centre flagships, shopping centres and travel stores seeing the biggest growth.
Online sales grew by 28.9% compared with the same quarter last year.
Boots said its continued “focus on value, promotions and loyalty led to improved value perception scores, ahead of the wider market that saw a decline on average”.
Sales of its Everyday essentials label increased by 25% as the number of active Advantage Card users reached a three-year high.
Seb James, managing director for Boots UK and Ireland, said: “I am really encouraged to see continued strong performance as the work that we have done to expand our ranges, drive value and innovate in beauty seems to be resonating extremely well with customers.
“We have great plans for the year ahead, including our new Beauty store in Battersea, a further extension of our beauty category, expansion of our online doctor service and much more.
“I would like to thank the 52,000 people that make up the Boots business for the hard work and resilience that has made this possible.”
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