Australia’s Largest Pharmacy Brand Reels in Massive Profits Over Pandemic Years

Started by Epoch-Times-Bot, Oct 21, 2022, 08:00 PM

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Epoch-Times-Bot

Oct 21, 2022, 08:00 PM
Australia's Largest Pharmacy Brand Reels in Massive Profits Over Pandemic Years

Revenue for Australia's largest pharmacy franchise, Chemist Warehouse, surged past A$3 billion (US$1.8 billion) for the first time, making it one of the most profitable private companies in the country.
The record haul comes amid a surge of online shopping during the pandemic lockdowns, as well as a shift towards customers shopping online.
"The group was able to respond effectively to the difficulties presented by COVID as consumers looked for cost-effective pharmaceutical, healthcare and beauty products," according to financial notes seen by The Australian newspaper.
"Pharmacies were classified as essential services and were able to remain open even during periods of government imposed lockdowns impacting retail trade."...

Source: Australia's Largest Pharmacy Brand Reels in Massive Profits Over Pandemic Years

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