FAMOUS BRANDS LIMITED - Trading Statement for the six months ended 31 August 2022
Trading Statement for the six months ended 31 August 2022
FAMOUS BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
Share code: FBR
ISIN code: ZAE000053328
(“Famous Brands” or “the Group”)
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2022
The Board of Directors (“Board”) is satisfied that a reasonable degree of
certainty exists that the Group's financial results for the six months ended
31 August 2022(“review period”) will differ by at least 20% from those
reported for the six months ended 31 August 2021 (“the prior comparable
period”) and is therefore able to issue this trading statement in terms of
Section 3.4(b)(i) of the Listings Requirements of the JSE Limited.
The business continues to steadily recover due to COVID-19 restrictions
having been lifted and customers returning to restaurants.
The reported headline earnings per share (HEPS)is expected to increase
between 99% and 143% when compared to the prior comparable period and the
reported basic earnings per share (BEPS) is expected to increase between
143% and 197% when compared to the prior comparable period.
The improvement in earnings is mainly driven by an increase in revenue across
the business. Furthermore, BEPS was positively impacted by the GBK
Restaurants Limited, UK (GBK) liquidation dividend of R 75 million that
was paid in August 2022.
31 August 2021 Expected growth 31 August 2022
Prior period Expected earnings
comparable %
earnings cents
cents
BEPS 96 143 - 197 233 - 285
HEPS 97 99 - 143 193 - 236
The Group's results for the review period will be published on SENS on or
about Wednesday, 26 October 2022.
A live audio webcast of the results will be held at 10H00 (SAST) on
26 October 2022. To pre-register link to: www.corpcam.com/famousbrands26102022.
The financial information on which this announcement is based has not been
reviewed or reported on by the Group’s external auditors.
10 October 2022
Midrand
Sponsor and Corporate Broker
The Standard Bank of South Africa Limited
Date: 10-10-2022 10:41:00
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