Clicks sales up 13.6% on strong Christmas trading

Cape Town - Health and beauty retailer Clicks [JSE:CLS] continued to show resilience despite current weak consumer spending with a sales increase of 13.6% in the 20 weeks to January 15 2017.

Clicks increased same store sales by 9.6% with selling price inflation of 5.4%.

Total retail sales for the Clicks Group increased by 12.2% and by 8.5% in comparable stores, with selling price inflation averaging 5.3%.

Total group turnover for the 20-week period grew by 8.6% to R10bn.

Commenting on the company's growth CEO David Kneale said: "Customer behaviour continues to reflect a shift to shopping later in the festive season and Clicks reported record trading in the week ahead of Christmas.

"In the months ahead we expect Clicks to maintain its competitive market position," he added.

He said it was most encouraging that Clicks continued to experience buoyant trading in the weeks after Christmas, driven mainly by value promotions across all of our product categories.

UPD, the group’s pharmaceutical wholesale and distribution business, increased turnover by 6.4%, ahead of selling price inflation of 4.3% for the period.

Clicks shares were trading at R119.28 (-0.27%).

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