Boots UK arm boosts group figures

Boots Chinese pharmacy

Boots owner Walgreens Boots Alliance has seen a boost in sales largely thanks to its UK arm’s strong pharmacy sales.

Group sales for the last quarter saw a 5.3 per cent spike in sales to £22.73 billion, and a 0.7 per cent rise to £89.2 billion on a yearly basis.

Pharmacy sales in the Boots UK division saw a 1.2 per cent boost, but this was largely offset by poor performance in other markets seeing global like-for-likes drop 3.2 per cent.

“We are pleased to report the company has performed well, with our businesses delivering significant progress while managing against ongoing prescription reimbursement pressure and competing in fast-changing retail environments,” group chief executive Stefano Pessina said.

“We look forward to building on this solid underlying growth in the year to come, enhanced by the expansion of our US retail pharmacy network through the upcoming purchases of Rite Aid stores.”

Click here to sign up to Retail Gazette’s free daily email newsletter