Famous Brands, the owner of Steers, Wimpy and Debonairs Pizza, said on Friday that interim earnings to end-August would rebound, as it continues to try putting problems at its struggling Gourmet Burger Kitchen behind it.
Basic earnings per share were expected to be 143c-175c for the period, up to a 131% improvement compared with the prior period’s 572c loss per share. The rebound was largely due to the R874m impairment of its UK restaurant chain GBK in the prior comparative period.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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