Boots can Boast 4.1% Rise in Sales for Christmas

Alliance Boots experienced a revenue increase of 14.1% in the last quarter of 2011, for their group, when compared with the same quarter of 2010.

The health and beauty division of the group, namely the Boots pharmacy chain shared success and enjoyed a 4.1% rise in revenue over the Christmas period; namely the five weeks ending 31 December 2011; as compared with that period in 2010.

Boots UK like-for-like dispensing volumes increased by 1.2% in the quarter while like-for-like retail revenue grew 0.6%.

Alliance Boots reported that total revenue in the quarter for all of its health and beauty division business, including Boots Opticians and non-UK health and beauty businesses, was flat when compared with the same quarter in 2010; but the group expects to deliver profit growth through gross margin management and tight cost controls.

The group is believed to be on track for success in reaching their 2011/12 targets, both financial and operational.

Executive chairman Stefano Pessina said in a statement: “Looking to 2012, we expect the economic environment to remain tough with continuing pressure on both consumer and governmental expenditure.  This will generate challenges but also new opportunities for us as we pursue our growth, organically and through further international expansion.”

He added: “I am as confident as ever that Alliance Boots will deliver another year of double digit trading profit growth for our financial year ending 31 March 2012.”

 

January 16, 2012 in Shopping