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Over the past year, Spur Corporation's revenue jumped by 33% to R2.3 billion, while sales at its franchise restaurants grew by 28% - now slightly ahead of its 2019 pre-pandemic performance.
Its flagship Spur brand, which represents almost 70% of its South African sales, increased its restaurant sales by 30% in the year to end-June.
The restaurant chain group also owns the Panarottis, John Dory's, Hussar Grill and RocoMamas, Casa Bella and Nikos Coalgrill Greek brands. Sales at Panarottis, John Dory's and RocoMamas, grew by 52%.
The group's takeaways service increased by 30%, with most of the demand coming from RocoMamas and Panarottis at 57% and 39% respectively.
READ| Spur to report jump in sales despite consumer pressure
Headline earnings increased by 31% to R121.1 million, and the company declared a dividend of 78c per share – the first final dividend in three years.
The group, which also has operations in Zambia, Nambia, Zimbabwe and Kenya, grew the number of its outlets to 631. Almost 550 of the restaurants are in South Africa.
In South Africa, the company opened 23 restaurants, nine of which were RocoMamas, four Panarottis, five Spur and five were in the speciality brand portfolio.
The group also beefed up its delivery-only virtual kitchen brands with the addition of Just Wingz which specialises in chicken wings.
"The virtual kitchen brands were launched during the hard lockdown in 2020 and over 50% of the group’s restaurants are now participating in the virtual kitchen offering," said the company in a statement.
CEO Val Nichas said the group will also continue with its drive through expansion, after the launch of the RocoMamas and Spur drive-throughs.
Spur's share price was up half a percent in Friday morning trading. Its shares are up more than 40% from a year ago.
