Clicks is coining it as broke consumers keep spending on beauty

Click Group on Wednesday reported a 13.2% rise in diluted headline earnings per share (to 300.1 cents) for the half-year to 28 February 2019.

The retailer says the results come on the back of robust health and beauty sales which grew by 8.5%.

Its share of the retail pharmacy market increased to 23.8% (from 23%).

The group upped interim dividends by 15.1% (to 118 cents per share).

Turnover grew by 6.2% (to R15. 3 billion).

Operating profits rose by 11.3% (to R1 billion).

Operating margins went up by 30 basis points (to 6.8%).

Sales of promotional items grew by 10.3% (accounting for 38% of turnover).

Click opened 17 new stores during the reporting period; it now has 680.

Click has paid R2.8 billion (R355 000 per member, on average) to staff in terms of its broad-based black economic empowerment share ownership scheme in the two years to the end of February 2019.

The Money Show’s Bruce Whitfield interviewed Vikesh Ramsunder, CEO at Clicks Group.

Listen to the interview in the audio below (and scroll down for quotes from it).

I am very clear on what we have to do. We are currently executing those plans…

Vikesh Ramsunder, CEO - Clicks Group

Pharmacy is a convenience and defensive category… In a downturn… you [still] have to take your medicine…

Vikesh Ramsunder, CEO - Clicks Group

It’s a legal requirement for a pharmacist to offer you a generic… Absolutely! [when asked if customers are preferring generics]

Vikesh Ramsunder, CEO - Clicks Group

Clicks ClubCard was the first loyalty programme launched in South Africa…

Vikesh Ramsunder, CEO - Clicks Group

People tend to speak more about Dis-Chem now that they are listed… Independent pharmacists still have 50% of the market... A real battleground!

Vikesh Ramsunder, CEO - Clicks Group

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This article first appeared on 702 : Clicks is coining it as broke consumers keep spending on beauty


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