300
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
Jul 1, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Boots revenue soars says owner as WBA reports overall lower Q3 sales

Published
Jul 1, 2022

After Walgreens Boots Alliance (WBA) pulled the UK-based Boots chain from sale earlier this week, all eyes were on how the chain performed when WBA released its Q3 results on Thursday.


Boots No7



And it did well, with Boots UK retail comparable sales growing 24% as it made market share gains across all major categories.

But the wider company results weren’t so good. WBA said it saw “strong execution across segments” and that the figures were in line with expectations. But Q3 earnings per share (EPS) from continuing operations fell 73.8% to $0.33.

And quarterly sales from continuing operations fell 4.2% year-on-year (or -2.8% currency-neutral) to $32.6 billion. Operating income from continuing operations fell to a loss of $320 million, compared to of $1.1 billion a year ago.

CEO Rosalind Brewer said the results came against “very robust growth last year”.

The company, which is a major player in health as well as beauty, said US retail comparable sales growth was 1.4% and US digital sales rose 25% after a 95% leap a year earlier, driven by 2.8 million same-day pick-up orders.

But overall US sales fell 7.1% to $26.7 billion, driven by a decline in the AllianceRx Walgreens business.

As mentioned, Boots UK saw comp sales surging 24%, a figure that was driven by beauty, and the firm continued to develop its beauty offer, launching No7 Pro Derm Scan technology and personalised consultation service in over 400 Boots stores in April.

That helped international Q3 sales to rise 0.3% to $5.3 billion, dented by an adverse currency impact of 9%. Total Boots UK sales rose 13.5%, and the German wholesale business grew 6.8%.

Copyright © 2024 FashionNetwork.com All rights reserved.