Famous Brands records 14th consecutive year of growth
FAST-food franchise group Famous Brands on Monday saw its share price rally as much as 2.72% at the opening of the JSE, following the release of the company’s full-year results.In the year ended February 2015, the company lifted diluted headline earnings per share to 467c from 405c in the year-earlier period. Revenue grew by 16% to R3.3bn, while operating profit climbed by 19% to R672m.Famous Brands said the year under review marked the 14th consecutive year of growth, reporting record turnover and profit."This strong set of results, delivered in extremely testing trading conditions, is a reflection of strong system-wide sales in the franchise brand business and continued improvement in efficiencies and cost containment in the logistics and manufacturing divisions," the company said.Famous Brands is the owner of brands such as Debonairs and Steers. The company aims to have 400 restaurants outside SA by 2016. It trades in 16 countries outside its home market.The company declared a fi...
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