According to its most recent interim statistics, Clicks saw a 13.5% increase in operating profit. The company also announced its intention to open more than 50 new locations this fiscal year. The company’s group members find difficulties while working in South Africa’s climate, which includes concerns about “disruptions” during the approaching national election.

The group members said that it was able to increase market share in the health and beauty categories, grow its private label product line, expand its margins, produce strong cash flows, and enhance returns to shareholders in its interim results for the six months ended on February 29, 2024.

The Clicks ClubCard reward program, which now has 11 million active members after adding 1 million users in the last year, also contributed to the group’s profit rise. The growth in profits was mainly driven by increased demand in the beauty and personal care categories. Additionally, Clicks increased the number of its retail locations to 902 by adding a net of 41 additional locations in the previous year.

“The acquisitions of Sorbet, M-Kem, and software development company 180 Degrees, which were completed in the previous financial year, have been successfully integrated into the group’s operations and are performing ahead of pre-acquisition expectations,” said the officials.

Examining the group’s financial results, turnover rose to R21.8 billion, a 9.0% increase.
Total income increased to R6.6 billion. The group’s operating margin grew by 30 basis points to 8.5%, and its overall operating profit increased by 13.5% to R1.9 billion.