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 2021
The Board of Directors is satisfied that a reasonable degree of certainty
exists that the Group's financial results for the six months ended 31 August
2021(“review period”) will differ by at least 20% from those reported for
the six months ended 31 August 2020 (“prior comparable period”) and is
therefore in a position to issue this trading statement in terms of Section
3.4(b)(i) of the Listings Requirements of the JSE Limited.
• Across our trading markets, in South Africa (“SA”), rest of Africa and
the Middle East and the United Kingdom (“UK”), the negative financial
impact of the COVID-19 global pandemic (“pandemic”) and resultant
national lockdowns and trading restrictions as well as the civil unrest
experienced in SA have materially impacted the Group’s results.
• The Group’s performance recovered in varying degrees across our trading
markets from the pandemic’s worst financial impacts, compared to the
prior comparable period.
• Aligned with our three-year roadmap our focus over the review period
continues to be reducing costs and preserving cash to facilitate
balance sheet flexibility. In this regard, it is also pleasing to
report that we have not utilised any of our contingency banking
The prior comparable period earnings were impacted by an impairment of
R1.3 billion (net of tax), recognised at Group level in relation to the
Group’s investment in the Gourmet Burger Kitchen (GBK), UK. The review period
results have been supported by improved sales.
As a result, the headline earnings per share (HEPS)for the review period
to be reported on is expected to increase between 329 cents and 349 cents
when compared to the prior comparable period and the reported basic
earnings per share (BEPS) for the review period is expected to increase
between 1,621 cents and 1,641 cents when compared to the prior comparable
31 August 2020 Expected growth 31 August 2021
Prior year Expected earnings
Basic earnings per (1,535) 1,621 – 1,641 86 - 106
Headline earnings per (240) 329 - 349 89 - 109
We continue to implement rigorous health and safety protocols across our
operations to play our part in reducing the spread of the virus. These
measures have enabled the business to deliver responsible, safe,
uninterrupted service to our customers and ensure the well-being of our
The Group's results for the review period will be published on SENS on or
about Wednesday, 27 October 2021.
A live audio webcast of the results will be held at 10H00 (SAST) on 27
October 2021. To pre-register link to: www.corpcam.com/famousbrandsoctober2021.
The financial information on which these announcements are based has not been reviewed or
reported on by the Group’s external auditors.
13 October 2021
The Standard Bank of South Africa Limited
Date: 13-10-2021 05:10:00
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