Diluted HEPS up 9.4% y-y to 284.3 cps (FY23: 260.0 cps).
Revenue growth of +14.1% y-y to R3 474m, driven by Franchise SA (+11.0% y-y), Retail SA (119.5% y-y) and Rest of Africa and Middle East (+14.9% y-y).
GPM up 140 bps to 32.0% (FY23: 30.6%).
OPM fell by 60bps to 9.0%.
Expenses grew by 25.7% y-y to R808m, while expense-to-sales rose to 23.3% (FY23: 21.1%).
Dividend of 213 cps (FY23: 192.0 cps).
Net cash fell to R366m (FY23: R375m).
Retail company store sales was positively impacted by the contribution from the Doppio Collection restaurants. Excluding Doppio, revenue from retail company stores fell by 4.7% y-y as a result of two less stores trading in FY24.
In South Africa, volume growth was driven mainly by the Spur brand which increased restaurant sales by 7.0% y-y.
Local takeaway sales now represent 14% of total restaurant sales, with 55% as collect orders (call, click or walk in). The balance is delivered by Mr D and Uber Eats, with Uber Eats showing a greater growth than its major competitor.
