No fat profits amid fast-food slump
In this cut-throat sector there’s no quick recipe for meaty returns
When SA actually had money and consumers felt good about the economy and the future, fast-food stocks were the flavour of the month. Succulent growth and profits were the order of the day for many a year.
Investors in listed counters Famous Brands, Spur Corp and Taste Holdings enjoyed the fruits of their ever-extending reach and menu appeal to customers. Aggressive expansion plans were hatched and, in some instances, a big dollop of offshore flavour was added to the recipe...