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Johannesburg - Famous Brands (FBR) reported on Wednesday that sales across the its total brand portfolio grew 13.2% in December 2012‚ from the year earlier period.
On a like-on-like basis‚ sales increased 9%‚ up from 6.1% in December 2011‚ the company which owns brands such as Steers‚ Debonairs Pizza and Wimpy‚ said in a statement.
Sales in South Africa alone grew 12.4% in December‚ while like-on-like sales rose 8.5%.
In the rest of Africa region‚ sales increased 25.6%‚ with like-on-like sales improving 15.1%.
During December‚ the group opened 21 restaurants in South Africa and a further 10 restaurants in the Rest of Africa region.
Famous Brands CEO‚ Kevin Hedderwick‚ said: “Given the prevailing difficult trading environment‚ management’s expectations for the period were cautious. The results delivered by the business in December exceeded our expectations.” - I-Net Bridge