A segment of commerce
JSE restaurant and fast-food shares.
Treats and takeaways: the first spend households cut when money is tight, and the first they add back.
Eating outThe companies
| Share | Price | Today | 1M | YTD | 1Y | Market value | P/E | Yield | Next results |
|---|---|---|---|---|---|---|---|---|---|
| Famous Brands FBR | R50.95 | -3.14% | +0.3% | -3.2% | -3.3% | R5.1bn | 8.5x | 8.4% | – |
| Spur SUR | R43.16 | -0.53% | -2.7% | +14.5% | +28.4% | R3.5bn | 20.5x | 7.5% | – |
One yearThe segment against the market
The economyWhat moves it
How we read this segment’s exposure to the South African economy, and which way each is moving now.
Helps this segment when it rises (discretionary spend follows the mood).
Now: Shoppers more confident (-13 (Q3))
Weighs on this segment when it rises (customers borrow to buy, or value rides on rates).
Now: Rates rising (7.25%)
Weighs on this segment when it rises (squeezes shoppers and input costs).
Now: Inflation steady (4.4% (Aug))
Eating outComing up
Nothing scheduled in the next few weeks.
The rest of commerce
- grocery retail
- food, drink and consumer brand
- hotel, casino and leisure
- fashion and clothing retail
- ecommerce and platform
- pharmacy and health retail
- home, furniture and building retail
- car dealer and motor retail
- shopping centre and retail property
- logistics and delivery
- payments, fintech and telecoms
Artive Capital doesn’t raise outside capital; it only trades and invests Artive’s own, and has no clients. This is a screen we use to decide where to look, not a recommendation to buy or sell anything. Prices are delayed and third-party data can be wrong; check with your broker before you act.
We don’t take outside money, but we always like talking markets and commerce.
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