Boots owner Walgreens Boots Alliance (WBA) files results every quarter but doesn’t always give a huge amount of detail about the UK Boots chain. So it was useful to see Boots UK’s latest set of accounts filed at Companies House, showing just how strong its recovery has been at least in terms of revenue.
Boots UK is only one part of the wider Boost business but the figures for the leading UK health and beauty retailer do give us some insight. They cover the 12 months to the end of August last year during which time it operated 1,840 stores, down from 2,177 a year earlier. That fact was key as it helped contribute to the overall profitability of the business and boosted its margins.
The Boots UK business is divided into Pharmacy (the sale of prescription drugs and pharmacy-related servi