CLICKS : Trading Update for 20 weeks to 17 January 2016 (CLS)
January 21, 2016 at 03:10 am EST
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CLS: CLICKS GROUP LIMITED - Trading Update for 20 weeks to 17 January 2016
CLS: CLICKS GROUP LIMITED - Trading Update for 20 weeks to 17 January 2016
Trading Update for 20 weeks to 17 January 2016
Clicks Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1996/000645/06
JSE share code: CLS
ISIN: ZAE000134854
CUSIP: 18682W205
('Clicks Group' or 'the group')
TRADING UPDATE FOR 20 WEEKS TO 17 JANUARY 2016
- Clicks sales up 13.6%
- Retail sales up 12.7%
- Retail selling price inflation 3.3%
- Group turnover up 12.2%
The Clicks chain increased sales by 13.6% in the 20 weeks to 17 January 2016
('the period'), highlighting the resilience of the business in an environment of
declining consumer confidence and increasing economic uncertainty.
Clicks reported comparable store sales growth of 10.6% and showed real volume
growth of 7.2% as selling price inflation measured 3.4%.
The Body Shop increased sales by 12.7% and by 9.3% in comparable stores.
Musica grew sales by 2.6% with same stores sales 0.4% lower.
Total retail sales increased by 12.7% and by 9.8% on a comparable store basis,
with selling price inflation of 3.3%.
UPD, the group´s pharmaceutical wholesale and distribution business, increased
turnover by 11.0% to R4 billion.
Total group turnover grew by 12.2% to R9.2 billion.
Chief executive David Kneale said the Clicks chain produced a good result, with
all product categories performing strongly. 'Over the festive season in particular
customers responded positively to our product ranges and to our promotions.'
'Looking ahead, we expect trading conditions to be challenging, with consumers
facing further pressure from a combination of higher inflation and rising interest
rates.'
Turnover by business unit
Total sales Comparable sales Inflation for the
growth (%) growth (%) period (%)
Clicks 13.6 10.6 3.4
Musica 2.6 (0.4) 2.1
The Body Shop 12.7 9.3 4.8
Total retail 12.7 9.8 3.3
UPD 11.0 5.4
Intragroup turnover 11.3
Total group 12.2 4.1
The financial information in this trading update has not been reviewed or reported
on by the group´s independent auditor.
Clicks Group´s interim results for the six months to 29 February 2016 will be
released on SENS on or about 21 April 2016.
Cape Town
21 January 2016
For further information contact
Tier 1 Investor Relations
Tel: +27 (21) 702 3102
Sponsor
Investec Bank Limited
Date: 21/01/2016 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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2016-01-21 10:00:00 Source: JSE News Service (SENS)
Clicks Group Limited issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 08:09:06 UTC
Original Document: http://clicks.hosted.inet.co.za/news/story/9a539283-f91c-4e89-bd85-0f7aab4f9338
Clicks Group Limited specializes in distributing health, care and beauty products. Net sales (including intragroup) break down by activity as follows:
- retail distribution (64.9%): sale of pharmaceutical products, care and beauty products and music equipment. At the end of August 2023, the group operated a network of 1,140 stores under the Clicks (881), the Sorbet (194), The Body Shop (61) and the Clicks Baby (4) brand names located mainly in South Africa (1,087);
- wholesale distribution of pharmaceutical products (35.1%).