Specsavers has maintained the £15m payday for its Guernsey-based owners, despite posting another year of declining profit.
Pre-tax profit for the eyewear specialist slipped to £323.6m in the year to 29 February, down from £327.7m the year before and £449.5m it posted in 2022, according to newly filed accounts.
New accounts for Specsaver’s UK business show sales at the company rose from £3.4bn to £3.7bn in the year. However, its annual report states that its group turnover surpassed £4bn in the 12 months, City AM reported.
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The chain issued the interim £15m dividend to its parent company, Specsavers Optical Group, matching the amount from the previous financial year.
The UK business’s ultimate parent company is owned by Dame Mary Perkins and her husband, Doug.
The retailer said its profit dropped because of its move to “absorb the inflationary price increases we have been exposed to and wherever possible not pass these on to our customers”.
It added that its profit was impacted by a “continuing significant upfront investment” in marketing to support the launch of its business in Canada as well as an increase in spending on technology.
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