Superdrug full-year profits slip despite sales uplift

Superdrug Meadowhall

Superdrug has recorded a decline in full-year profits, but boss Peter MacNab said he was “pleased with the company’s performance in challenging times”.

The health and beauty retailer posted a 5% fall in pre-tax profit to £88.3m in the 52 weeks to December 29, 2018, which was attributed to tough market conditions.

Total revenue increased 3.3% to £1.3bn year-on-year, while like-for-like sales rose 1.4%.

Superdrug’s market share rose to 9.8% during the period, up from 9.2% in the previous financial year.

The health and beauty retailer opened 23 new UK stores during the period and two in the Republic of Ireland, taking its overall store estate to 816 stores.

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