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Famous Brands Ltd (FBRJ.J)

FBRJ.J on Johannesburg Stock Exchange

11,201.00ZAc
22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Famous Brands FY Headline Earnings Per Share 393 Cents, Down 8%
Thursday, 24 May 2018 01:06am EDT 

May 24 (Reuters) - Famous Brands Ltd ::FY HEADLINE EARNINGS PER SHARE 393 CENTS DOWN 8%.FY REVENUE UP TO R7 BILLION UP 23%.BOARD HAS RESOLVED THAT NO DIVIDEND IS DECLARED FOR PERIOD UNDER REVIEW.  Full Article

Famous Brands Says Impairment‍ On GBK Restaurants Investment To Reduce FY EPS By 20 Pct
Thursday, 8 Mar 2018 01:01am EST 

March 8 (Reuters) - Famous Brands Ltd ::IN RELATION TO INVESTMENT IN GBK RESTAURANTS RECORDS IMPAIRMENT OF INTANGIBLE ASSETS AT GROUP, ESTIMATED TO BE ZAR241 MILLION - ZAR322 MILLION​.‍IMPAIRMENTS AND EXPENSES WILL RESULT IN A DECREASE OF GREATER THAN 20% ON COMPANY'S FY EARNINGS PER SHARE​.  Full Article

Famous Brands says ‍HY revenue up 39 pct to 3.4 bln rand
Monday, 30 Oct 2017 01:05am EDT 

Oct 30 (Reuters) - Famous Brands Ltd ::FAMOUS BRANDS LTD - ‍HY REVENUE UP 39% TO R3.4 BILLION​.FAMOUS BRANDS LTD - ‍HY HEADLINE EARNINGS PER SHARE DOWN 59% TO 170 CENTS​.FAMOUS BRANDS LTD - ‍HY OPERATING PROFIT BEFORE NON-OPERATIONAL ITEMS AT R406 MILLION​.FAMOUS BRANDS LTD - ‍AT END OF PERIOD, CASH AND CASH EQUIVALENTS WERE R493 MILLION (2016: R452 MILLION)​.FAMOUS BRANDS LTD - ‍ANTICIPATED THAT GROUP'S "LEADING" BRANDS WILL DELIVER STRONGER RESULTS IN SECOND HALF OF YEAR​.FAMOUS BRANDS LTD - ‍BOARD IS OF OPINION THAT GBK'S RETURN TO PROFITABILITY WILL BE ACHIEVED IN NEXT FINANCIAL YEAR​.FAMOUS BRANDS LTD - ‍OPERATING ENVIRONMENT IN BOTH LOCAL AND UK MARKETS IS EXPECTED TO "REMAIN TESTING"​.FAMOUS BRANDS LTD - REVIEWING ‍OPTIONS INCLUDING ACCELERATED DEBT REDUCTION, DIVIDEND PAYMENTS AND ACQUISITIONS.FAMOUS BRANDS LTD - ‍NO INTERIM DIVIDEND WILL BE PAID​.  Full Article

Famous Brands sees HY 2017 HEPS to fall within range of 153-187 cents
Monday, 9 Oct 2017 11:15am EDT 

Oct 9 (Reuters) - Famous Brands Ltd :‍FOR SIX MONTHS ENDED 31 AUGUST 2017, HEPS ARE EXPECTED TO DECREASE TO WITHIN RANGE OF 153 CENTS PER SHARE TO 187 CENTS PER SHARE​.FOR SIX MONTHS ENDED AUG 31, ‍GBK RECORDED A PBIT LOSS OF GBP872 000.  Full Article

Famous Brands forecasts weaker six-month results
Wednesday, 16 Aug 2017 02:30am EDT 

Aug 16 (Reuters) - Famous Brands Ltd ::‍AS AT JULY 31, 2017, GROUP'S ENTIRE NETWORK COMPRISED 2,801 RESTAURANTS.IN SA MARKET, TRADING CONDITIONS DECLINED FURTHER IN FIVE MONTHS TO JULY 31​.‍ANTICIPATES THAT TRADING CONDITIONS IN ITS LOCAL AND INTERNATIONAL MARKETS WILL REMAIN CHALLENGING FOR COMING YEAR​.‍GBK'S PROFITABLE CONTRIBUTION TO BUSINESS WILL TAKE LONGER THAN INITIALLY ANTICIPATED​.‍EXPECTS THAT ITS RESULTS FOR FULL SIX MONTHS TO 31 AUG 2017 WILL BE WEAKER THAN THOSE REPORTED IN PRIOR COMPARABLE PERIOD​.GROUP'S OPERATING MARGIN IS EXPECTED TO BE LOWER THAN MANAGEMENT'S EXPECTATIONS.  Full Article

Famous Brands sees full-year HEPS between 15 pct-25 pct lower
Tuesday, 16 May 2017 10:00am EDT 

May 16 (Reuters) - Famous Brands Ltd ::Sees FY HEPS between 15 pct and 25 pct lower than year ago, at between 460 cents per share and 408 cents per share.Sees FY HEPS, before non-operational items from recent deal and increased interest costs, 594-669 cents per share, being 10 pct-24 pct higher versus year ago.One-Off non-operational items relate to acqusition of Gourmet Burger Kitchen Restaurants in the UK.  Full Article

Famous Brands says competition commission approves By Word of Mouth deal
Thursday, 24 Nov 2016 07:30am EST 

Famous Brands Limited : Competition Commission has approved transaction and accordingly agreement is unconditional in all respects .Effective date of acquisition is 1 December 2016..  Full Article

Famous Brands acquires GBK Restaurants Ltd for 120 mln stg
Thursday, 1 Sep 2016 01:05am EDT 

Famous Brands Ltd : Announcement regarding the acquisition by Famous Brands Limited of GBK Restaurants Limited . Concluded an agreement to acquire entire issued share capital of GBK Restaurants Limited for a total enterprise value consideration of GBK Restaurants Limited . Has identified UK as a strategic growth region in Europe and one which offers opportunity to earn hard currency outside of africa .Acquisition will add scale to Famous Brands' UK business which includes Wimpy UK, and up-weight group's premium brand portfolio..  Full Article

Famous Brands enters talks on potential corporate action
Friday, 12 Aug 2016 02:00am EDT 

Famous Brands Ltd :Has entered into discussions regarding a potential corporate action, which, if successful, may have a material effect on price of group's securities.  Full Article

S. Africa's Competition Commission approves Nestlé, PAI Europe JV
Thursday, 14 Jul 2016 06:26am EDT 

S.Africa's Competition Commission : Has approved without conditions intermediate merger whereby Raflatac intends to acquire Labelcote . Recommended to tribunal that Nestlé and PAI Europe v jv be approved without conditions . Approved without conditions intermediate merger whereby Famous Brands Management to acquire Lamberts Bay Foods (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

South Africa's Famous Brands flags up to $34 mln in FY impairment

Johannesburg, March 8 South African fast-food chain owner Famous Brands said on Thursday that annual earnings would be hit by impairment charges amounting up to 400 million rand ($33.7 million) on its Gourmet Burger Kitchen (GBK) business.