Specsavers has reported record turnover and growing profits as it focuses on reinvesting in its store estate and expanding internationally, Retail Week can reveal.
In the 12 months to February 28, 2025, Specsavers reported a 7.5% jump in group revenues to more than £4.18bn and an increase in operating profits to £326.9m – up from £313.5m the previous year.
Group turnover at the high street staple increased by 6.5% in the period, as Specsavers put more than £64m into refurbishing hundreds of its UK stores.
The family-owned brand also invested £7m into a new UK manufacturing and distribution centre in Kidderminster during the period and ramped up its expansion in Canada, with plans for 111 new stores across five provinces in the region.
Specsavers now operates in 15 countries across three continents, employing over 45,000 people worldwide. In the UK and Ireland, it employs over 31,000 people.
Group chief executive John Perkins told Retail Week: “Despite a challenging macroeconomic landscape, it’s been another strong year for Specsavers. We’re expanding in Canada with plans for 111 new stores across five provinces, while in the UK, we’re growing our ophthalmology business Newmedica and expanding audiology and home visit services. This means giving more people access to better sight and hearing and stronger support for the NHS, local communities and the great British high street.
“We take our role in supporting the British economy seriously. We’re proud to empower fearless entrepreneurs, create thousands of jobs and open up greater access to quality eye and hearing care for communities everywhere. With ambitious expansion plans and a continued focus on clinical excellence and technological advancement, we feel we are well-positioned to continue to deliver on our purpose: changing lives through better sight and hearing.”
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