BRIEF-Famous Brands Expects FY EPS To Be Over 20 Pct Lower Than Last Year

  • Reuters
  • Stock Market News
BRIEF-Famous Brands Expects FY EPS To Be Over 20 Pct Lower Than Last Year
Credit: © Reuters.

March 11 (Reuters) - Famous Brands Ltd FBRJ.J :

* JSE: FBR - VOLUNTARY PERFORMANCE UPDATE AND TRADING STATEMENT

* FAMOUS BRANDS - CHALLENGING TRADING CONDITIONS CONSTRAINED CONSUMER DISCRETIONARY SPEND AND KEEN COMPETITOR ACTIVITY INTENSIFIED MARGIN PRESSURE IN FY

* FAMOUS BRANDS - ACROSS LEADING AND SIGNATURE BRANDS, FY COMBINED SYSTEM-WIDE SALES INCREASED 6.0%, WHILE LIKE-FOR-LIKE SALES GREW BY 2.5%

* FAMOUS BRANDS - IN SA MARKET, INCONSISTENT POWER SUPPLY FURTHER WORSENED CONSUMER SENTIMENT AND NEGATIVELY IMPACTED ON OPERATIONS IN FY

* FAMOUS BRANDS - DOES NOT HAVE REQUIRED DEGREE OF CERTAINTY TO PROVIDE DETAILS OF ANTICIPATED RANGE EXPECTED FOR EPS FOR YEAR ENDED 28 FEB 2019

* FAMOUS BRANDS LTD - HAVE REQUIRED DEGREE OF CERTAINTY THAT EPS WILL BE BELOW THOSE OF PREVIOUS YEAR BY MORE THAN 20%

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