Author: Mintel Group Ltd.
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Boots half-year sales slip as COVID-19 ‘proactively deferred activities’

Source: Mintel 03-04-2020

Six months ending February 29, 2020 Boots reported a fall in profits during the first half of its financial year as the coronavirus outbreak impacted performance. Adjusted operating income fell 29.1% to $276 million while sales dropped 2.2% to $5.8 billion.

Parent company Walgreens AB added that the ongoing coronavirus crisis was “proactively deferring certain activities”, including the rollout of new beauty halls in Boots’ UK stores.

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