Layer 1

Boots 'growth' propels parent company's pharmacy sales

Boots UK experienced "growth" between June and August 2017
Boots UK experienced "growth" between June and August 2017

Boots’ parent company has attributed an increase in sales in its pharmacies to "growth" in its UK business.

In its latest financial results, published today (October 25), Walgreens Boots Alliance said "comparable pharmacy sales increased 0.5% on a constant currency basis" in its retail international division – which includes Boots – between June and August 2017.

This rise was "primarily due to growth in the UK", it said.

The international retail pharmacy division reported overall sales of $2.9 billion (£2.2bn) over this three-month period – a decrease of 0.4% “on a constant currency basis” compared with the same period last year.

Wholesaler growth

The wholesale division, which mainly consists of Alliance Healthcare, reported sales of $5.4bn (£4.1bn) – an increase of 0.8% compared with the same period a year ago.

Walgreens Boots Alliance stressed that on a “constant currency basis” comparable sales for this division had actually increased by 5.4%, which was “ahead of the company’s estimate of market growth”.

This was “weighted on the basis of country wholesale sales, with growth in emerging markets and the UK, partially offset by challenging market conditions in continental Europe”, it said.

Overall, Walgreen Boots Alliance reported its sales increased 5.3% to $30.1bn (£22.7bn), an increase of 6.4% "on a constant currency basis".

CEO Stefano Pessina said the business had delivered "significant progress while managing against ongoing prescription reimbursement pressure and competing in fast-changing retail environments".

7 Comments
Question: 
Have you noticed an increase in pharmacy sales?

Locum Pharmacist, Locum pharmacist

Pay rise for Boots pharmacists on the cards???

C A, Community pharmacist

Good to know our Boots colleagues will be getting bonuses and payrises...

Jonny Johal, Pharmacy Area manager/ Operations Manager

Unless they change their ways, Boots is a house of cards that is ready to implode, all that is needed is a stimulus. 

John Randell, Non Pharmacist Branch Manager

great  work boots....just pay those pharmacists less and your profit margins will go up.make sure you keep starffing to a minimum...you know what i will be buying shares in this company....so impressed

Peter Taylor, Locum pharmacist

Three cheers for more sales! How much of the profit avoids tax though?

Meera Sharma, Community pharmacist

You took the words right out of my mouth!

C A, Community pharmacist

All of it?

Job of the week

Newly Qualified Pharmacist
Kent
Competitive plus bonus