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Boots ecommerce sales jump 60% in Q2

Sophie Smith
01 April 2022

Walgreens Boots Alliance has published its financial results for the second quarter ending 28 February 2022, revealing a growth in Boots UK's online sales.

For its second quarter, Walgreens Boots Alliance shared the following results:

  • Global sales increased 3% to £25.7 billion ($33.8 billion), compared to the previous year.
  • Operating income increased to £914 million ($1.2 billion), compared with £633 million a year prior.
  • Earnings per share (EPS) were £0.78 ($1.02), a decrease compared to £0.81 a year ago.
  • Boots UK sales were up 15.2%, with retail sales increasing by 22%.
  • Boots digital sales rose 60%, with online sales accounting for 15% of its retail sales.

For the first six months of fiscal year 2022, Walgreens Boots Alliance shared the following results:

  • Global sales increased 5.4% to £51.5 billion ($67.7 billion), compared to a year ago.
  • Operating income was £1.9 billion ($2.5 billion), against £226 million ($298 million) last year.
  • Net earnings rose to £2.9 billion ($3.9 billion), compared to £3.4 billion ($4.5 billion) a year earlier.
  • EPS increased from £3.39 ($4.54) to £3.92 ($5.15).

In the UK, Walgreens Boots Alliance emphasised the success of the reintroduction of Boots 17 beauty brand in February and the nationwide launch of the Boots Price Advantage program.

Rosalind Brewer, CEO at Walgreens Boots Alliance, said: "Second quarter results demonstrated broad-based execution, driving strong comparable sales and robust earnings growth. We continue to make important strides along our strategic priorities, building a consumer-centric, technology-enabled healthcare enterprise at the centre of local communities. Our Walgreens Health segment is on track toward long-term targets. The strategic review of our Boots business is progressing and our transformational actions are accelerating sustainable value creation."

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