Superdrug Shrugs Off Rachel Reeves' Tax Hikes to Create over 600 Jobs

Superdrug sales soar 7%, with profit before tax reaching £136.8 million

The UK health and beauty retailer delivered its fourth consecutive year of market share growth in 2024, thanks to investment in own-brand, competitive pricing and a robust store roll out plan

Superdrug FY profits jump 22.6% amid focus on value items

Superdrug has seen its full-year pre-tax profits jump by 22.6% to £136.8m, as store openings, refurbishments and a focus on value helped offset weaker UK footfall and pressure on consumer spending.  It comes as the health and beauty retailer saw its sales rise by 7% during the year to 28 December 2024, down from a rise of 11.8% the year before. Superdrug’s operating margin, however, improved from 8% to 8.8%.  According to the group’s filing at C…

Superdrug gains market share in 2024 as its multichannel strategy pays off, says GlobalData

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Following today’s release of Superdrug’s figures for the year ending 28 December 2025; Aliyah Siddika, retail analyst at GlobalData, a leading data and analytics company, offers her view: “Superdrug’s integrated ‘Offline plus Online’ strategy has yielded strong results, with total sales rising by 7.0% for th…

Superdrug adds over 600 jobs despite Reeves’ tax hikes as profits climb - Retail Gazette

Superdrug has shrugged off rising wage costs and tax hikes to grow profits and expand its store estate, as it continues to build market share. The health and beauty retailer added over 600 jobs in 2024, taking its total headcount from 13,845 to 14,479, according to newly filed accounts. The growth included the opening of 13 new stores, building on the 400 roles created the year before. The expansion came despite “government-driven decisions on a…

Superdrug creates 600 jobs despite 'strain' of Rachel Reeves' tax hikes

Superdrug has opened 13 stores and created more than 600 jobs in a year despite the company saying that Chancellor Rachel Reeves' tax hikes have put a "strain" on its operating costs.

Superdrug shrugs off Rachel Reeves' tax hikes to create over 600 jobs

Superdrug has created more than 600 jobs despite tax hikes introduced by Chancellor Rachel Reeves putting “pressure” on its margins. The high street chain upped its headcount from 13,845 to 14,479 in 2024, new accounts filed with Companies House have revealed. The increase comes after Superdrug also created more than 400 jobs in 2023. The expansion, which included the company opening 13 stores in the year, came despite Rachel Reeves’ increase to…