Philippa Larkin philippa.larkin@inl.co.za SPUR, which owns Spur, Panarottis, John Dory’s and RocoMamas SA, yesterday flagged that its interim sales were still 9.5 percent behind pre-Covid-19 levels as trading conditions continued to be impacted by various levels of restaurant trading restrictions in the reporting period, including a prohibition on sit-down trade in
July 2021.
In a sales update and trading statement for the six months ended December 31, 2021, Spur, with a R2.07 billion market cap, said its franchised restaurant sales grew by 28.3 percent during the period compared to the six months to December 2020, from the previous comparable period when significant restrictions on sit-down trade were in place, and by 18 percent over the preceding six-month period ended June, 30, 2021.
“These challenging conditions were exacerbated by widespread civil…