Clicks kissed R1.99 billion goodbye in one day after setting R50 billion turnover record

• Clicks' market capitalisation fell by R24.83 billion to R52.08 billion after its share price dropped by 3.56% on 22 October.
• The retailer reported a record R50.41 billion in turnover, marking the first time it has surpassed R50 billion, and its earnings per share grew 4.2% to 1,419.8 cents.
• Analysts attribute the drop to a tough consumer environment and increased competition, with Clicks missing investor expectations by a 2% to 4% margin.