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Shareholders of Spur have a good reason to pop the cork on their favourite bubbles (the local industry would suggest a fine Méthode Cap Classique), with the restaurant group confirming on Tuesday a healthy dividend is in store for them next month.
Both counters are going places – and both have low valuations.
The group said franchised restaurant sales in the 2023 financial year increased by 23% on the previous financial year.
With Spur eyeing a national expansion of Doppio's various restaurant brands once the transaction takes effect.
The Spur Corporation is hoping the acquisition will strengthen its presence in the daytime dining and coffee specialty markets.