JOHANNESBURG – Clicks Group on Tuesday reported slower turnover growth for the 20-week period to Jan. 15 reflecting a sharp fall in COVID-19 vaccinations.
Turnover rose by 2.9% versus growth of 10.4% seen a year earlier.
Excluding vaccinations, turnover rose by 7.8% to 15.6 billion rands ($902 million) reflecting good volume growth following strong Black Friday and Christmas trading.
The beauty retailer generated just 4 million rands from vaccinations versus 685 million rands a year earlier.
Its total retail sales grew by 5.5% and by 12.2% excluding vaccinations.
After more than 4 million COVID-19 infections and over 102,000 deaths, hospitalisation and mortality rates have come down significantly in South Africa.
As of Jan. 23, over 38 million vaccinations had been administered.
Turnover at United Pharmaceutical Distributors (UPD) – it’s bulk and wholesale division – grew by 9.9% as sales managed for bulk distribution clients benefited from new contracts and growth in existing clients.
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