Spur says full-year sales grew despite middle-class woes

Business

Spur says full-year sales grew despite middle-class woes

Total franchised restaurant sales grew by 7.2% in the year to end June

Nick Hedley

Spur Corporation, whose chains include RocoMamas, Panarottis Pizza Pasta and Spur Steak Ranches, says total franchised restaurant sales grew by 7.2% to R7.6bn in the year to end June.

Group CEO Pierre van Tonder said local restaurant sales growth improved in the second half of the year after slowing in the second quarter.

Franchised restaurant sales in SA grew by 6.2% in the year, while sales from international restaurants increased 16.2% in rand terms, or 12.3% on a constant exchange rate basis...

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