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Spur flags doubling of earnings as Covid-19 recovery continues

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Group franchise sales up 28.3% in six months to end-December but still tenth below pre-pandemic levels

Restaurant group Spur, the owner of RocoMamas, the Hussar Grill and John Dory’s, says it continues to see a steady recovery from Covid-19 restrictions at its restaurants and expects earnings to more than double in its half-year to end-December.

Headline earnings per share is expected to rise by 117%-122% in the six months to end-December, Spur said in an update on Monday, with franchised restaurant sales growing 28.3% year on year, though this is still 9.5% below pre-pandemic levels...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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Spur flags doubling of earnings as Covid-19 recovery continuesGroup franchise sales up 28.3% in six months to end-December but still tenth below pre-pandemic levels
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