Subscribe & Follow
Jobs
- Restaurant and Deli Manager Countrywide
- UK Customer Service Work from Home
Spur sales up despite boycott
While the group reported a drop in sales at its Spur Steak Ranches, its restaurants catering for higher-income customers showed a robust performance.
On the whole, Spur Corporation increased its franchised restaurant sales from continuing operations 4.2% to R7.2bn.
Spur Steak Ranches lost 3.4% in sales and Captain DoRegos 17.6%. Other brands fared better, with The Hussar Grill increasing 25.2%, RocoMamas 62.6% and John Dory's Fish Grill Sushi 8%.
Earlier in 2017, calls were made for a national boycott of Spur Steak Ranches after an apparently racist incident. Spur Steak Ranches eateries said they had noted the effects of the boycott, which led to executives touring the country to do damage control.
"One cannot really make a conclusion on whether the [the alleged racist] incident had an impact on sales, especially since it was an isolated case," said Avior Capital Markets equity analyst De Wet Schutte.
Spur Corporation CE Pierre van Tonder said "the robust performance of The Hussar Grill" highlighted the resilience of higher-income consumers.
Source: Business Day
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za