Holland & Barrett delivers second consecutive year of double-digit growth
Holland & Barrett is celebrating its second consecutive year of double-digit growth, with boosts to its profit and sales.
Holland & Barrett is celebrating its second consecutive year of double-digit growth, with boosts to its profit and sales.
Gross profit for the health and wellness chain soared to £524.2m in the year to 30 September 2024, rising from £475.7m, which it attributed to “significant investment” in its digital transformation strategy.
Sales were up 10% at £884.5m, compared to £806.1m the year before
Holland & Barrett credited its performance to its “continuing customer-first strategy” and a “significant transformation strategy” aimed to meet growing demand in the wellness and preventative health space.
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The retailer’s executive chair Alex Gourlay 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.
“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.”
He added: “Our retail performance continues to outperform the UK and Netherlands high streets and compares strongly against other European countries.
“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.”
In October, it was reported that Holland & Barrett was planning to open up to 50 new stores in the UK over 2025, as it ramped up its expansion plans.
Earlier this year, the business also launched its first experience store on Cardiff’s Queens Street, featuring its first wellbeing studio.
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