Famous Brands expects interim earnings to double

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Famous Brands says headline earnings per share could be between 99%-143% higher

Famous Brands, owner of Steers, Wimpy and Mugg & Bean, expects its headline earnings per share to double in its half-year to end-August, as customers continued their return to eating out.

Famous brands also owns a range of higher-end restaurant chains that include Turn ’n Tender, Mythos, Salsa and Lupa Osteria that would have also done better this year, as Covid-19 restrictions ended. Alcohol bans and curfews affected sit-down dinner trade in 2021 as consumers avoided a rushed night out...

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