Specsavers revenue increases by 6.1%

Total UK revenue for Specsavers in 2016/17 increased by 6.1% on the previous year to £1,315.7 million, the company has reported in its annual review.

Overall group revenue rose to £2.27 billion, up 6.6% on 2015/16.

The multiple opened 28 new practices in the UK during the year, taking the total to 735. Specsavers also announced that its Kylie Minogue Eyewear collection, which was launched in February, was its most successful frame launch ever.

Specsavers UK and ROI managing director, Paul Marshall, said: “This has been a record-breaking year for the UK business, with record sales week after week and great performance across all our markets.

“Our focus has been on the qualities that have made us great, and we have devoted our energies to brilliant service and providing best value, keeping it simple, and getting it right.”

Specsavers reported a successful year of fundraising too, with over £1.3 million raised for charities such as Guide Dogs for the Blind, Blind Veterans UK and Vision Aid Overseas.

For the 2017/18 financial year, Specsavers has pledged to raise £100,000 for the Royal National Institute of Blind People, announced plans to promote awareness of glaucoma through a partnership with the International Glaucoma Association, and said it would continue supporting the renovation of the ophthalmic unit at Our Lady’s Children’s Hospital in Ireland.

Co-founders Doug and Mary Perkins, added: “It is an incredibly exciting future, and we have absolute confidence that it will be shaped and successfully delivered by the creativity, passion and commitment of our partners and support teams.”