"Footfall and sales continue to recover but remain depressed, notably in London and other metropolitan city centres." Waterstones said that it has entered the current fiscal 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 April reopenings. These are the first full fiscal year results filed since Elliott Advisors bought Waterstones.
In the full fiscal year ended April 25, 2020, sales at Waterstones fell 4.3%, to £376 million (about $532.4 million), and profits after tax fell 8.4%, to £20.8 million ($29.5 million), the Bookseller reported, noting that the information was filed later than normal because of the pandemic.
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