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Load shedding may be boosting Famous Brands, but it expects tough times ahead

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While consumers are increasingly financially stressed, analysts believe Steers and Wimpy owner Famous Brands could still enjoy some tailwinds – including a boost from load shedding.

"People are saying: 'I'm just going to order takeaways, I'm not going to bother cooking in the dark with gas,'" says FNB portfolio manager Wayne McCurrie.

The company, which also owns brands like Mugg & Bean and Debonairs, reported a strong set of full-year results on Monday, increasing its full-year dividend by more than 80%. Its earnings rose more than a third.

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