Franchise Brands (FRAN)

 83.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 89.50
  • 52 Week Low: 64.50
  • Currency: UK Pounds
  • Shares Issued: 78.13m
  • Volume: 575
  • Market Cap: £64.85m

Franchise Brands 'encouraged' following record quarter from Metro Rod

By Iain Gilbert

Date: Tuesday 23 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Multi-brand franchisor Franchise Brands' chief executive Stephen Helmsley told investors at the group's annual general meeting on Tuesday that he was encouraged by the group's overall trading performance in the first quarter.
Franchise's subsidiary Metro Rod's forward momentum in the first quarter "continued apace", as its franchise network grew system sales 12.9%, resulting in a record quarter.

Elsewhere, the AIM-listed outfit said its strategy of providing franchisees with sales and marketing support and new IT systems saw 12 of its franchisees achieve "year-on-year growth of over 30%" in the first three months 2019.

Helmsley said: "We are encouraged to see that our B2C brands, ChipsAway, Ovenclean and Barking Mad, have had a positive start to the year and that franchisee recruitment has improved.

"Overall, the group is trading well, and the board looks forward to the remainder of the year with confidence."

As of 1040 BST, Franchise shares were up 2.37% at 86.50p.

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FRAN Market Data

Currency UK Pounds
Share Price 83.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 89.50
52 Week Low 64.50
Volume 575
Shares Issued 78.13m
Market Cap £64.85m

FRAN Star Ratings

Compare performance with the sector and the market.
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FRAN Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 02-May-19
Paid 24-Sep-19 20-May-19
Amount 0.30p 0.46p

Trades for 20-Sep-2019

Time Volume / Share Price
15:38 575 @ 84.40p

FRAN Key Personnel

CFO Chris Dent

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