Clicks surges as market share gains help deliver double-digit earnings growth

Shares in Clicks surged more than 7% at one point on Thursday after it reported a recovery in beauty products and market share gains helped ensure double-digit earnings growth in its year to end-August.adjusted headline earnings grew about 11% to R2.5 billion amid a 12.2% increase in retail sales, which includes its Clicks stores, supplement business GNC, The Body Shop and Sorbet.

The group said it delivered stronger second-half turnover growth and recorded market share gains in all core product categories in an environment of growing pressure on consumer disposable income. A sustained recovery in the beauty category was supported by the Clicks Club Card loyalty programme, which has grown to 10.4 million active members.South Africans need to be in the know if we want to create a prosperous future.

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