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Clicks eyes further market share amid double-digit sales growth

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Headline earnings per share for the year to end-August rose 12.2%

Medicine and beauty products retailer Clicks said on Thursday that it will spend R718m on its stores over the next financial year to pursue additional market share.

Clicks, which operates 704 stores and 545 pharmacies, increased its share of the retail pharmacy market one percentage point to 24.9%, saying it is well positioned to extend these gains. Headline earnings per share, the widely watched measure of performance, rose 12.2% to 683.9c for the year ended August, thanks in part to its medicine distribution unit, United Pharmaceutical Distributors , winning new contracts.

 

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