FAMOUS BRANDS LIMITED - Trading Statement

Trading Statement

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 2023

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
2023 will differ by at least 20% from those reported for the year ended 28
February 2022 (“the prior comparable year”) and is therefore required to
issue this trading statement in terms of Section 3.4(b)(i) of the Listings
Requirements of the JSE Limited.

The business continues to improve its financial performance after the lifting
of the COVID-19 restrictions in June 2022 mainly due to a good recovery in
quick service restaurant performance and casual dining. The dramatic increase
in the level of load shedding combined with difficult economic conditions,
has however muted the growth prospects across the value chain of the Group.

The reported headline earnings per share (HEPS) is expected to increase
between 27% and 47% when compared to the prior comparable year and the
reported basic earnings per share (BEPS) is expected to increase between
55% and 75% when compared to the prior comparable year.

The improvement in earnings is mainly due to an increase in sales
driven by Leading brands and Logistics revenue. BEPS was positively
impacted by the GBK liquidation dividend of R75 million.


                    28 February 2022    Expected growth   28 February 2023
                    Prior comparable    percentage        Expected earnings
                    year     earnings                     Cents
                    cents
HEPS                       356              27 – 47             452 – 523
BEPS                       317              55 – 75             491 – 555

The Group's results for the year will be published on SENS on or about Monday
22 May 2023.

A live audio webcast of the results will be held at 10H30 (SAST) on 22 May
2023. To pre-register link to:
https://www.corpcam.com/FamousBrands22052023.
The financial information on which these announcements are based has not
been reviewed or reported on by the Group’s external auditors.

4 May 2023
Midrand

Sponsor
The Standard Bank of South Africa Limited




                                                                      

Date: 04-05-2023 03:24:00
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