// Specsavers sales hit £3.4 billion last year, up 25%
// Profits also climbed to £446 million
Specsavers has recovered strongly from the pandemic as it posted record annual sales in the year to February 28.
Sales rocketed 25% year on year to £3.4 billion as profits increased to £446 million, according to The Sunday Times.
The eyecare specialist went on a hiring spree over the year, employing more than 1,600 people across its global operations.
However, the retailer had made swathes of job cuts to control costs during the pandemic. It slashed 450 head office jobs in its prior financial year.
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Specsavers was set up by husband and wife team Doug and Dame Mary Perkins who are worth estimated at £1.33 billion, according to this year’s Sunday Times Rich List.
Despite the strong performance, the retailer warned about current market conditions.
The firm’s strategic reported said: “The board is expecting the group to face significant cost headwinds in both the supply chain and the retail stores due to the effect of inflation on energy prices, materials and employment costs.”
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