Famous Brands numbers

23 October, 2006 at 9:29 am | Posted in Companies | Leave a comment

Gross revenue up 33% to R406,3 million (2005: R304,9 million)
Attributable profit up 23% to R45,4 million (2005: R36,9 million)
Headline EPS up 22% to 51,8 cents (2005: 42,7 cents)
Distributions Up 38,5% to 18 cents (2005: 13 cents)

Sustained growth of the group’s target market, pursuit of lifestyle convenience and steadfast demand for the group’s best-in-class brand offerings enabled Famous Brands to report satisfying results for the six months ended 31 August 2006.

Chief Operating Officer, Kevin Hedderwick, says: “Interest rate and fuel price increases cooled consumer sentiment to some extent, but not sufficiently to dampen large scale demand for the group’s offerings. With average spend per head at approximately R30, the group’s brands, by virtue of their value-for-money positioning, are typically less susceptible to adverse economic conditions than competitors offering higher value meal options.”

Existing and new store growth in the Franchise Division was vigorous, which in turn drove improved performance in the Food Services Division. Net store growth of 44 restaurants produces a total franchise network of 1 211 restaurants across the brand portfolio comprising Steers, Wimpy, Debonairs Pizza, FishAways, House of Coffees, Brazilian and Whistle Stop.

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