Cosmetics spur Clicks growth

The business model stood the company in good stead and executives provided confidence guidance for the rest of the financial year with diluted headline earnings a share expected to increase by 20% to 30% for the full year.

New Clicks has been through a three-year turnaround process strewn with management changes, improved systems and stringent inventory controls.

Strong growth in DVD and gaming sales in Musica drove an 8,5% increase in turnover, but local music sales were down 11% from a year ago and Musica had a “dreadful February”, said group chief executive of New Clicks David Kneale.

The drivers in Clicks were medicine and baby goods.

Looking ahead, trading will continue in line with the first half and is set to benefit from winter months, which is the peak trading period in healthcare.

Source: Sowetan

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