Loading...
See More

Famous Brands gains some weight

May 23 2011 08:53 I-Net Bridge

Company Data

FAMOUS BRANDS LIMITED [JSE:FBR]

Last traded 0
Change -1,92
% Change 0
Cumulative volume 140596
Market cap 10.31bn

Last Updated: 26-11-2014 at 02:08. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Famous Brands' profit up to 20% higher

Famous Brands holiday sales up 13%

Mark Barnes previously ‘rich and famous’

Famous eyes World Cup boost

O'Hagan's now part of Famous Brands

Famous buys Milky Lane, Juicy Lucy

 
Johannesburg - Food and beverages company Famous Brands [JSE:FBR] on Tuesday reported a 17% rise in diluted headline earnings per share to 237 cents for the year ended February 2010 from 202 cents a year ago.

Headline earnings per share were also up 17% to 242 cents.

Revenue was up 11% to R1.9bn, while operating profit grew 16% to R358m.

Total dividends per share for the year were up 36% to 155 cents. A final dividend per share of 85 cents was declared from 64 cents previously.

The group said that the year under review proved to be an exceptional one, both in terms of organic and acquisitive growth.

"Famous Brands benefited from strong sales during the 2010 Fifa World Cup and, despite fears to the contrary, our traditional peak trading period in December was also extremely robust," it said.

The group's local franchising division delivered a pleasing performance and made an important contribution to its results. Revenue increased 18% to R386m and operating profit improved 15% to R235m.

A total of 111 new restaurants were opened during the year, bringing the network to a total of 1 861 restaurants. In addition 81 existing restaurants were revamped.

The group's international franchising division was hit by trading conditions in the United Kingdom that were amongst the most difficult experienced in the past decade.

In this environment, revenue in sterling declined 21%, and in rand terms by 31% to R95m, while operating profit fell 23% to R11m.

"A further factor impacting these results was the termination of the Roadchef agreement which resulted in reduced turnover levels in the short term," the group said.

The company's logistics division grew revenue by 14% to R1.3bn.

Capital expenditure of R20m was invested in a range of projects including a state-of-the-art frozen storage facility in the Western Cape and racking and handling equipment at a number of other logistics centres.

Looking ahead, it said it expected trading conditions to remain difficult in the year ahead.

"Economic recovery will be muted and consumer spend will remain under pressure due to factors including electricity tariff hikes, increased fuel costs and the proposed toll road levies," Famous Brands said.

The group added that while acquisitive growth was the overriding feature of 2011, 2012 would be focused on consolidation.
famous brands
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...