Clicks pushes its own branded products

Clicks will prioritise its own branded products in a bid to provide better value to cash-strapped consumers, CEO Vikesh Ramsunder says.

Clicks released its trading update for the 20 weeks to January 12, showing retail sales grew 7.9% and total group sales were up 9.9% to R12.9bn, with its distribution unit UPD faring particularly well. In the period under review, Clicks’ big growth came from UPD, a wholesaler of medical goods and distributor of drugs to independent pharmacies and private and government hospitals, which grew sales by 13.1%.

FNB wealth and investments analyst Wayne McCurrie said the Clicks share price was very expensive, meaning investors had demanding expectations. Its price earnings ratio is more than 30 times.

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