Famous Brands flags 76% jump in interim local sales

FAMOUS Brands, the Johannesburg-headquartered meals companies franchisor, yesterday flagged a 76 p.c jump in South African sales for the half-year ended in August, marking an uptick in comparison with a year in the past when the Covid-19 pandemic severely disrupted the business.

Famous Brands, whose manufacturers embrace fast-food retailers Wimpy and Debonairs Pizza, mentioned on a like-for-like foundation South African sales elevated by about 72 p.c.

Like-for-like sales refers to sales reported by all eating places throughout the community, excluding eating places opened or completely closed through the interval.

“Overall, the group’s results for the six months ended August 31, 2021, are expected to show a marked recovery on the comparative period, which was severely impacted by the pandemic,” mentioned Famous Brands.

It mentioned its South African signature manufacturers’ system-wide sales elevated by 36 p.c, whereas like-for-like sales elevated by roughly 149 p.c. The group’s signature manufacturers supply a personalised eating expertise and embrace Lupa Osteria, Mythos and Paul.

The Famous Brands portfolio consists of 19 restaurant manufacturers, represented by 2 773 eating places throughout South Africa, the remainder of Africa and the Middle East (AME), and the UK.

It mentioned system-wide sales in the AME area elevated by roughly 15 p.c.

The group sales from its retail division, which focuses on supplying third-party retailers and wholesalers with branded licensed merchandise, elevated to R105 million from R72m in 2020.

“The group’s performance recovered in varying degrees across our trading markets, being South Africa, AME and the UK, from the Covid pandemic’s worst financial impacts, compared to the prior comparative period,” mentioned the group.

Its recovery was slowed by the civil unrest skilled in South Africa in July and because the lockdown restrictions associated to the pandemic’s third wave.

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