Famous Brands’ earnings rebounds after impairment

PREMIUM

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 (GBK) 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...

This article is reserved for HeraldLIVE subscribers.

A subscription gives you full digital access to all our content.

Already subscribed? Simply sign in below.

Already registered on DispatchLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.



Questions or problems? Email helpdesk@heraldlive.co.za or call 0860 52 52 00.

X