Clicks Group is trading at ZAc 21,685.00, down 10.16%, after its October 22 FY2026 results showed margin pressure. - Turnover rose 5.4% to R50.4 billion, while headline earnings increased 2.7%; the group trading margin fell 10 basis points to 9.7%. - Management cited constrained consumer spending, aggressive competitor discounting, low price inflation and first-half warehouse-system delays weighing on retail turnover; it expects competitive conditions and household cost pressures to persist.