Modest growth, but RocoMamas shines
RocoMamas continues to show strong growth for Spur Corp. The burger chain increased revenue by almost 40%, while the group overall managed a very modest 0.7% increase – leading to headline earnings per share (HEPS) being down 9.5% and the dividend off 6.8%. While RocoMamas is doing great, it is only around 6% of the group. The question is how long until the current rapid expansion starts to slow, and the business matures?