Profit down 8.4% at Waterstones in 2020 as pandemic hit business

Profit down 8.4% at Waterstones in 2020 as pandemic hit business

Waterstones profits after tax fell 8.4% to £20.8m in the 12 months to 25th April 2020, but the retailer highlighted “another strong performance" by the company until the impacts of the Covid-19 pandemic began to be felt.

The chain added that despite the "significant adverse impact" of the pandemic, it was entering the 2021/22 financial year "in a strong position and well placed for a return to growth in both sales and profits". Stores have been performing “above base forecast” since the April 2021 reopening.

Its accounts, filed at Companies House this week, are later than normal because r...

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