Tag: Spur Corporation

Spur Corporation attains profit gain as RocoMamas delivers star performance

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SOUTH AFRICA – South Africa based fast–food chain operator, Spur Corporation has reported improved full year performance, a sign of a slow but positive recovery. The group which owns sit-down restaurant brands like Spur, Panarottis, John Dory’s and the Hussar Grill – as well as fast food and fast causal brand RocoMamas, saw its headline earnings per share for the year ended June 2021 increase by 33.1% to 110.74 cents per share, from reporting a loss of 82.76 cents per share in the previous year. The JSE-listed company also reported…

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South African fast-food restaurants register improvement in sales following steady economic recovery

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SOUTH AFRICA – South Africa based fast–food chain operator has reported a marginal growth in its full year restaurant sales by 1%, representing a 67.6% increase in the second half of the financial year ended June 2021. The jump in the interim period was in comparison to the same period in F2020, which was severely impacted by the total prohibition on sit-down trade in the fourth quarter. Its home operations registered a sales growth of 1.5%, while its international businesses attaining a 3% decline in sales. In a bid to…

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Spur launches first drive-thru restaurant in South Africa as Burger King’s acquisition gets blocked

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SOUTH AFRICA – Spur Corporation, South Africa based fast–food chains operator, has expanded its service offering with the launch of its first drive-thru restaurant in Pretoria. The move is in response to the changing consumer lifestyles, as it aims to broaden its appeal and foster a convenient way for its customers to get their favourite Spur meals. While the drive thru business model brings with it novel innovation for the group, some things will still remain the same as the traditional Spur dishes sold at its restaurants, including burgers, chicken…

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Spur Corporation continues to be negatively impacted by COVID-19 reporting 29.5% decline in sales

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SOUTH AFRICA – South Africa based fast–food chain operator, Spur Corporation has reported a 29.5% decline in sales to R2.9 billion (US$193 million) for the six months ended December 31, from R4.1 billion (US$273.4m) in the same period a year earlier, due to COVID -19 trading restrictions and lower consumer disposable incomes. Sales from franchised restaurants in South Africa declined by 31 percent with sales from international restaurants decreased by 17.3 percent in rand terms. South Africa’s restaurant sector has been one of the hardest hit industries by the COVID-19…

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