Sales growth of 76% for Steers, Wimpy and other key Famous Brands outlets

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Wimpy owner Famous Brands says the riots and looting that took place in KwaZulu-Natal and Gauteng in July and continuing Covid-19 restrictions slowed down recovery.
Wimpy owner Famous Brands says the riots and looting that took place in KwaZulu-Natal and Gauteng in July and continuing Covid-19 restrictions slowed down recovery.
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Famous Brands has seen a strong improvement in its half-year performance, following a tough period impacted by Covid-19 hard lockdowns last year.

The group owns restaurant brands, as well as manufacturing and logistics businesses, in South Africa operations, the rest of Africa, Middle East and the UK.

In the six months ended 31 August 2021, Famous Brands saw sales grow by 76% across its leading brands, which are made up of quick-service restaurant brands Steers, Debonairs, Fishaways, and Milky Lane, as well as casual dining establishments Wimpy, and Mugg & Bean.

Sales at its signature brands such as Vovo Telo, Turn n Tender, Mythos and Salsa Grill increased by 36%.

However, in South Africa, the riots and looting that took place in KwaZulu-Natal and Gauteng in July and continuing Covid-19 restrictions slowed down the recovery. The group added that it closed 99 of its stores during the unrest, the majority of which were in KwaZulu-Natal. Its logistics facility in Westmead, KwaZulu-Natal, was also damaged, but is now fully operational again.

The company’s trading update comes ahead of the release of its interim results next month.

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