Holland & Barrett sales up 10% in “landmark” year
Holland & Barrett has reported strong growth for the year to 30 September 2024 with sales up 10% to £884.5 million.
The health and wellness retailer’s gross profit increased to £524.2 million from £475.7 million a year earlier.
Holland & Barrett attributed the performance to its customer-first strategy and work to meet growing demand in the wellness and preventative health space. It has also been investing in a digital transformation strategy.
Alex Gourlay, executive chair of Holland & Barrett, said: “This has been a landmark year for our business – one defined by purpose, transformation and a significant investment in the future of this 150-year-old business.
Never Miss a Retail Update!“With societal shifts towards prevention, testing and self-care, and insufficient public health care provision due to constraints on national health systems, there is an increasing unmet need which Holland & Barrett was well positioned to serve.
“It is with great pride, that we have taken the bold steps necessary to meet the evolving needs of our customers, accelerating our transformation journey and laying a strong foundation for long-term growth.”
During the year, the retailer ‘s customer base grew by 9% to reach an all-time high as the business continued to invest in its product range, store network and digital capabilities.
Giving an update on more current trading, Holland & Barrett said the strong growth had carried on into the first half of its current financial year, with sales and gross profit both rising by 8%.
Gourlay added: “We are energised by the momentum we’ve built and excited for the opportunities ahead. I could not be happier with the ongoing performance of the business or prouder of our colleagues who have been at the heart of delivering this strong growth.”
