FAMOUS BRANDS LIMITED - Trading statement for the six months ended 31 August 2023

Trading statement for the six months ended 31 August 2023

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 Company” and Famous Brands and its subsidiaries “the
Group”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2023

The board of directors of Famous Brands is satisfied that a reasonable degree
of certainty exists that the Group's consolidated financial results for the six
months ended 31 August 2023 (“review period”) will differ by at least 20% from
those reported for the six months ended 31 August 2022 (“the prior comparable
period”) for basic earnings per share (“BEPS”) 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 has continued to improve its revenue performance mainly due to
further improvements across the value chain. However, the high levels of
sustained load shedding, related cost pressures and a challenging economic
environment impacted the profitability of the Group.

The reported headline earnings per share (“HEPS”) for the review period is
expected to be between 221 cents and 178 cents per share, representing a
change of between 3% and (17%) when compared to the prior comparable
period. The reported BEPS is expected to be between 225 cents and 174
cents per share, representing a decrease of between (13%) and (33%) when
compared to the prior comparable period.
The reduction in BEPS is predominantly due to the Gourmet Burger Kitchen
Limited (“GBK”) liquidation dividend of R75 million that was received in
August 2022. Excluding the GBK liquidation dividend, the reported BEPS
would have been between 180 cents and 217 cents per share for August 2022.
                    31 August 2022     Expected   change    31 August 2023
                    Prior comparable   in percentage        Expected earnings
                    period earnings                         Cents
                    Cents
HEPS                       215                3 – (17)           221 - 178
BEPS                       259              (13) – (33)          225 - 174

The Group's results for the review period will be published on SENS on or about
Tuesday, 24 October 2023.


A live audio webcast of the results will be held at 10H30 (SAST) on 24
October 2023. To pre-register please use this link:
https://www.corpcam.com/FamousBrands24102023

The financial information on which this announcement is based has not been
reviewed or reported on by the Group’s external auditors.

9 October 2023
Midrand

Sponsor
The Standard Bank of South Africa Limited




Date: 09-10-2023 08:00:00
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