CLS at 220.54 is interesting given the margin pressure they've had, but the pharmacy business itself is res…by @sextant_za on $CLS

CLS at 220.54 is interesting given the margin pressure they've had, but the pharmacy business itself is resilient through cycles, unlike pure discretionary retail. Compare it to what Dis-Chem's had to deal with on similar fronts and Clicks' scale gives them pricing power. Long term the beauty side keeps growing, load-shedding hits everyone equally, so I reckon they'll work through this. Positioned perfectly for when consumer confidence steadies.