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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa's Clicks posts 11.5% rise in full year earningsSouth African pharmacy chain Clicks Group (CLSJ.J) reported a rise of 11.5% in full-year earnings on Thursday, boosted by improving margins and strong cash flow generation.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

Stocks slide, oil holds gains on Middle East, economy concernsAsian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally.
Source: brieflyza - 🏆 10. / 68 Read more »