Holland & Barrett Beats £100m Profit Milestone

Posted on 24 June, 2016 by Chris Grigorovsky

The UK high street has received a positive shot of adrenaline as health food retailer, Holland & Barrett, has managed to surpass its £100m profits, showing the brand’s continued growth.

Holland & Barrett

Across the 694 UK stores and 99 international franchises, sales increased by 155 to £424.7m in the year to September 2015. While pre-tax profits saw an even greater growth, rising to £129.5m.

Online sales for the retailer, which are part of an intermediate holding company, increased to £30.5m. Overseas interests helped contribute an extra £120m in revenue.

Peter Aldis, Chief Executive, commented: “Both the activity in the year and the year-end financial position of the company are extremely strong.”

Holland & Barrett is building a 45,000 sq ft extension of its Nuneaton based headquarters, providing a big enough extension to double its 300 staff.

The financial year for the retail arm of the group ended with £17.1m in cash and net assets of £326.6m.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme

America, Amazon Wants You!

UK Firms Battle To Survive

COVID-19 Grounds EasyJet Fleet

ECB Emergency Fight Back Aganist Covid-19

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market