Famous Brands posts strong performance despite tough environment
Group revenue rose 50% to R3bn year on year to end-August, but remains 22% down from before Covid-19
27 October 2021 - 09:37
UPDATED 27 October 2021 - 20:01
Restaurant group Famous Brands, owner of Steers, Wimpy and Debonairs Pizza, says stringent efforts to adapt to Covid-19 operating conditions helped it return to profit in its half-year to end-August, but its recovery was slowed by a hit from SA’s civil unrest in July.
Group revenue rose 50% to R3bn year on year to end-August, but remains 22% down from before Covid-19, the group said on Wednesday, with SA’s restaurant operators battling with a series of trading restrictions in 2021, including for alcohol...
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