Spur: Nothing like a legal dispute to dampen the appetite
GPS Food Group's unsettled R262.8m claim against the restaurant group casts a shadow over its tasty business model
27 March 2025 - 05:00
For the six months, Spur Corp’s revenue grew 13.8% to R2bn aided by the contribution from Doppio Zero. The total number of restaurants was 726, with 619 in South Africa and 107 abroad. Total restaurant sales grew 10% to R5.9bn. This was padded by a R350.8m contribution from the 60% stake in Doppio Zero, acquired in late 2023. Ex-Doppio, sales growth was a more modest 4.8%.
IM has had a straddle trade recommendation of long Spur Corp and short Famous Brands for more than two years. It’s been the correct call and, for now, continues to be so. Spur has outperformed Famous Brands...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.