Famous Brands reports 6.4% increase in sales boosted by signature brands

SOUTH AFRICA – Famous Brands, South African restaurant franchisor has reported a 6.4% rise in system wide sales across all restaurants in SA in its year ended February 2020, while like-for-like sales grew by 2.9%. The owner of Steers, Wimpy and Debonairs Pizza, said on the group’s trading update that the sales growth met expectations even as it battled with the effects of load-shedding and SA’s deteriorating economy. The group’s signature brands which include House of Coffees and Turn ’n Tender saw growth in sales by 10.6% while like-for-like sales…

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