Spur’s full-year headline earnings surge almost a third

JSE-listed multi-brand restaurant franchisor Spur Corporation says headline earnings for the full year ended June 2022 surged by 31% to R121 million, seeing the restaurant brand posting a strong post-Covid-19 recovery. Increased foot traffic to Spur locations has seen the group achieving a 32.5% rise in revenue to R2.

“Panarottis, John Dory’s and RocoMamas all performed well while the speciality brands lifted sales by 52% with a strong recovery in restaurant sales in The Hussar Grill.” Post the Covid-19 led rise in demand for convenience and takeaway offerings, the group has reported a 30% rise in Takeaways. This growth it says was led by RocoMamas which saw a 57% growth and Panarottis Pizza which reported growth of 39%.

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