Clicks The Lipstick Dipstick
Those Clicks results then, for which you’ve been clamouring like Halloween candy, you naughty scamps! Revenue up +10.9% to R28.34bn, profit after tax up +16.8% to R1.28bn. This is what we in the industry call “solid”, and attribute to the resilience of pharmacy and cosmetics even – perhaps particularly – in these troubled times and to the value of a large and nimble loyalty programme. Sales in the health and beauty brands were particularly strong, with The Body Shop, GNC and Claire’s up by +14.7%. Overall retail turnover was up +13.5%, while wholesaler UPD put in a respectable showing at +11.4% to R12.32 bn. And Mr Kneale revealed, with quiet pride, that Clicks was gaining market share even in the face of competitors like Dis-Chem – at the expense, it must be said, of the independents. Store numbers were up majorly this year, with the addition of 111 stores, including 80 secured through the outsourcing arrangement with Netcare, for a total of 622. 73 new pharmacies were added to existing stores.
Comment: Excellent work there, Clicks.