×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Spur Corporation’s RocoMamas chain, a major growth engine for the restaurant group in recent years, has run out of steam. Sales from existing RocoMamas outlets fell 6.7% in the six months ended December 2018, versus growth of 22.2% a year before and 45% in the second half of 2016. Including new stores, the chain’s total sales rose 6%.

Spur CEO Pierre van Tonder said the decline in sales from existing RocoMamas restaurants “reflects a period of consolidation following the unprecedented increase in restaurant numbers since acquisition in March 2015”. Spur said that group-wide franchised restaurant sales rose 6.5% to R3.9bn in the interim period. In SA, sales were up 5.7%, while sales from international restaurants increased 12.7% in rand terms. The core Spur Steak Ranches chain grew existing restaurant sales 5.1% and total restaurant sales, including store additions, 6.1%. “The fact that RocoMamas stalled is a little concerning not just for Spur but for the wider fast food seg...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now