Edition:
United Kingdom

Dis-Chem Pharmacies Incurred Costs, Challenges Related To Industrial Action


Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Dis-Chem Pharmacies Ltd ::JSE: DCP - TRADING UPDATE FOR THE 22 WEEKS TO 2 FEBRUARY 2019 AND AN UPDATE ON THE GROUP’S INDUSTRIAL ACTION.DIS-CHEM PHARMACIES LTD - DURING 22 WEEKS TO 2 FEBRUARY 2019, RECORDED GROUP REVENUE GROWTH OF 10.7% TO R9.4BN OVER CORRESPONDING PERIOD IN PRIOR YEAR.DIS-CHEM PHARMACIES LTD - EVERYDAY LOW PRICE STRATEGY AND AVAILABILITY OF CHOICE FOR CUSTOMERS ENABLED CO TO CONTINUE TO GAIN MARKET SHARE.DIS-CHEM PHARMACIES - SAW BIGGEST MARKET SHARE GAINS FOR FINANCIAL YEAR IN OCT AND NOV ON BACK OF A MICROPOPZ! PROMOTIONAL CAMPAIGN.DIS-CHEM PHARMACIES LTD - CURRENT ONGOING INDUSTRIAL ACTION HEAVILY IMPACTED DECEMBER TRADE AND CONTINUES TO AFFECT GROUP.DIS-CHEM PHARMACIES LTD - EXPERIENCED AN EXTREMELY TOUGH TRADING MONTH WITH RETAIL REVENUE GROWTH AT 6.2%.DIS-CHEM PHARMACIES LTD - EXPERIENCED AN EXTREMELY TOUGH TRADING MONTH WITH RETAIL COMPARABLE STORE REVENUE AT -2.5%.DIS-CHEM PHARMACIES LTD -PERIOD RETAIL REVENUE GROWTH AT 6.2% AND RETAIL COMPARABLE STORE REVENUE AT -2.5%, WAS WELL BELOW EXPECTATIONS.DIS-CHEM PHARMACIES LTD - EXPERIENCED LOST OPPORTUNITY SALES IN DECEMBER PRIMARILY DUE TO STOCK SUPPLY CHALLENGES.DIS-CHEM PHARMACIES LTD - REPORTED LOWEST MARKET SHARE GAINS OF FINANCIAL YEAR IN DECEMBER MONTH.DIS-CHEM PHARMACIES LTD - HAS BEEN TARGET OF A NATIONAL STRIKE BY A GROUP OF EMPLOYEES SINCE 16 NOVEMBER 2018.