Famous Brands flags earnings rise despite load-shedding worries
The fast-food group says SA’s weak economy and increased power cuts have dimmed growth prospects across its entire value chain
04 May 2023 - 18:29
Famous Brands, the owner of fast-food brands such as Steers and Debonairs Pizza, says it expects to report higher full-year earnings later this month though it warned that load-shedding has negatively affected its growth prospects.
The group said in Thursday’s trading statement for the year to end-February 2023 that it expects headline earnings per share (Heps) to increase between 27% and 47% compared to the prior financial year. Heps is a measure of profit that excludes one-off items...
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