Famous Brands (FBR) FY23 – Results Snapshot

Diluted HEPS of 488.0 cps (FY22: 356.0 cps).
Turnover growth of +14.9% y-y (FY22: +38.3% y-y).
GPM down -230 bps to 42.7% (FY22: 45.0%).
Operating margin up to 11.6% (FY22: 9.7%).
Expense to sales down to 32.2% (FY22: 35.0%).
Final dividend of 233 cps, bringing the Total dividend to 363 cps (FY22: 200 cps).
The Brands, Supply Chain and International segment delivered double digit revenue growth.
In the Brands segment, Leading brands posted 12.0% like-for-like sales growth while Signature brands delivered 29.0% like-for like sales growth.
Despite considerable headwinds, the rest of Africa and Middle East segment delivered +23.7% y-y revenue growth.
The UK Wimpy trading environment remains challenging with higher energy costs and a cost of living crisis. Revenue up +7.3% y-y.