Portfolio manager at FNB Wealth and Investments, Kabelo Tshola said that the group’s performance shows a normalisation of its sales following various disruptions to its production during the same period last year.
During this period the company lost market share in an already weak environment. This operational result reflects this regaining of market share whilst in a buoyant economy could be producing better numbers,” he said. “The group’s other operating segments, which include the OK Franchise, Computicket, MediRite pharmacies and Checkers Food Services, reported a 6.4% increase in sales. The OK Franchise Division grew sales by 8.6%,” the group said on Monday.
The group introduced a customer loyalty rewards program called Xtra Savings in October through its Checkers stores, with more than one million members signing up within a week, exceeding the group’s expectations.
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