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Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Clicks Group
Clicks Group (CLS) investor relations material
Clicks Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary22 Jan, 2026
Group performance
Group turnover rose 7.4% to R19.5 billion for the first 20 weeks of the 2026 financial year compared to the prior period.
Retail sales increased by 6.0%, with comparable store sales up 3.7% and selling price inflation averaging 2.4%.
Pharmacy turnover grew 9.0%, driven by strong demand, record Black Friday sales, and robust Christmas gifting sales.
Distribution turnover increased by 11.4%, supported by higher purchasing compliance and more pharmacy openings.
Operational highlights and challenges
Retail turnover was affected by aggressive competitor discounting and a warehouse management system delay in Cape Town, impacting sales by approximately R120 million.
Product availability in the Western Cape has improved and is expected to reach targets by February 2026.
UPD's notional turnover for bulk agency distribution clients declined 20.2% due to non-renewal of two contracts, resulting in a 0.2% decrease in total managed turnover.
Financial reporting and outlook
Interim results for the six months to 28 February 2026 are expected to be released on or about 23 April 2026.
Financial information in this update has not been reviewed or audited by independent auditors.
Quantify WMS delay's full impact on retail sales
Future strategy for bulk agency distribution clients
Mitigate aggressive competitor discounting impact
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Next Clicks Group earnings date
H1 202615 Apr, 2026
Clicks Group
Next Clicks Group earnings date
H1 202615 Apr, 2026
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Frequently asked questions
Clicks Group Limited is a South Africa-based retail-led healthcare company specializing in pharmacy, health, and beauty products. The company operates a range of retail brands, with its flagship brand, Clicks, being a prominent health and beauty retailer offering pharmacy services, personal care, and wellness products. Clicks Group also owns UPD, a pharmaceutical wholesaler and distributor, serving private and public healthcare sectors. The company’s retail and distribution network focuses on accessible healthcare and consumer products throughout South Africa. The company is headquartered in Cape Town, South Africa, and its shares are listed on the Johannesburg Stock Exchange.
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