Boots’ sales ‘bounce back’ as beauty and online revenues climb

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Boots has recorded a strong uplift in sales across its stores and online operations as boss Seb James says the retailer “continues to bounce back strongly from the pandemic”.

Boots recorded a 15.2% rise in total sales in the quarter to February 28, driven by a 22% rise in like-for-like sales.

The company said it had increased its market share across all categories during the financial period, spearheaded by an increased share in beauty.

The health and beauty retailer’s online sales rose 60% ahead of pre-Covid levels in the quarter and accounted for 15% of the retailer’s sales overall.

Store footfall rose by 52% year on year with basket size up 15% on pre-Covid levels.

Like-for-like pharmacy sales increased 3.6% during the financial period.

UK and Ireland managing director Seb James said: “Boots continues to bounce back strongly from the pandemic and delivered another solid performance this quarter, with sustained retail and pharmacy sales growth and market share gains across all categories.

“Our strategic focus continues to be on transforming our beauty, healthcare and digital offerings and this quarter we made excellent progress – with strong take-up of our new and existing healthcare services while maintaining our leading position in the growing beauty category.”