EDWARD WEST edward.west@inl.co.za AVI, WHICH owns more than 50 consumer brands from frozen convenience foods to fashion accessories, said yesterday that it anticipated headline earnings a share to rise by between 5 and 7 percent for the year to June 30, from last year’s 470.8 cents a share.
The group said the net effect of the recent looting and violence in KwaZulu-Natal and Gauteng on the 2022 financial year was not expected to be significant, because strong replenishment demand suggested that retail densities would improve in unaffected stores.
Direct damage was limited to four Spitz stores where all of the stock was stolen and the fixtures were damaged. The stores were expected to resume trading in three to six weeks. None of the group’s other sites suffered damage.
Snackworks lost…
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Cape Times (Digital) - 1 Issue, 2021-07-28