AS Watson Superdrug full-year profits slip despite sales uplift

Source: Retail Gazette, Tuesday, Jun 18, 2019

AS Watson’s UK business Superdrug increased revenue by 3.3% to GBP1.3 billion for the year ended 29 December 2018. Like-for-like sales rose 1.4%. The health and beauty retailer posted a 5% fall in pre-tax profit to GBP88.3 million which was attributed to tough market conditions.