FAMOUS BRANDS LIMITED - Trading Statement for the year ended 28 February 2022

Trading Statement for the year ended 28 February 2022

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 YEAR ENDED 28 FEBRUARY 2022

The Board of Directors is satisfied that a reasonable degree of certainty
exists that the Group's financial results for the year ended 28 February
2022 will differ by at least 20% from those reported for the year ended 28
February 2021 (“the prior comparable year”) and is therefore able to issue
this trading statement in terms of Section 3.4(b)(i) of the Listings
Requirements of the JSE Limited.

The impact of the COVID-19 global pandemic (“pandemic”) and resultant
national lockdowns and trading restrictions have continued to impact the
Group’s results.

Our performance recovered from the pandemic’s      worst   financial   impacts,
compared to the prior comparable year.

The prior comparable year’s earnings were negatively impacted by a loss
from discontinued operations of R1.1 billion (net of tax).

As a result, the reported headline earnings per share (HEPS)(including
discontinued operations) is expected to increase between 473% and 555%
when compared to the prior comparable year and the reported basic earnings
per share (BEPS)(including discontinued operations)is expected to
increase between 123% and 128% when compared to the prior comparable
year.

HEPS from continuing operations are expected to be within the range of
320 cents to 392 cents and BEPS within the range of 285 cents to 349
cents.


                           28 February 2021       Expected      28 February 2022
                           Prior           year   growth        Expected
                           comparable                           earnings
                           earnings                  %
                           Cents                                Cents
Basic earnings per share       (1 237)             123%-128%         285-349
- Total operations

Headline earnings per           (86)               473%-555%           320-392
share - Total operations

Basic earnings per share        (127)              325%-375%           285-349
- Continuing operations

Headline earnings per            53                504%-639%           320-392
share    -  Continuing
operations


                                                                       
The Group's results for the year will be published on SENS on or about Tuesday
31 May 2022.

A live audio webcast of the results will be held at 10H30 (SAST) on 
31 May 2022. To pre-register link to: www.corpcam.com/famousbrands31052022

The financial information on which these announcements are based has not
been reviewed or reported on by the Group’s external auditors.

11 May 2022
Midrand

Sponsor
The Standard Bank of South Africa Limited




                                                                      

Date: 11-05-2022 01:15:00
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