Spur reports sizzling 10% increase in restaurant sales as it plans for expansion

Philippa Larkin

Spur Corporation, a leading restaurant franchise group, dished up sizzling results with a 10% increase in total restaurant sales for the six months ending December 2024 despite intensified competition in the casual dining sector. This as Group CEO Val Nichas presenting the results on Wednesday, said, “Spur is looking at new markets, new new regions and new opportunities" as well as creating more value for customers across all business verticals. Headline earnings per share rose 12.1% to 179 cents from the prior period. Headline earnings increased by 11.5% to R144.4 million. Revenue grew by 13.8% to R2 billion, driven by a 10.0% increase in total restaurant sales to R5.9bn and contributions from the Doppio Collection, acquired in December 2023, which added R351m in sales. The board declared a dividend of…

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Star South Africa (Digital) - 1 Issue, 2025-03-06

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