Subscribe & Follow

Advertise your job vacancies

Jobs

Franchise Developer Cape Town

Taste's projection of Starbucks outlets 'conservative'

24 Sep 2015

Taste Holdings, which has an exclusive master franchise agreement with Domino's Pizza International, said on Wednesday it had identified a conservative market opportunity of more than 150 Starbucks outlets in SA...

Taste's projection of Starbucks outlets 'conservative'

In a trading statement, Taste said it foresaw this growing to more than 200 in five years.

In a deal announced in July, Taste signed a 25-year exclusive partnership with Starbucks Coffee Company to develop Starbucks coffee shops in South Africa.

Despite this material market opportunity, Taste is, in the first 24 months, committed to launching the brand and all its elements, building human capacity through training for future growth, and establishing a robust store unit economic model prior to capitalising on the full market opportunity.

As a result, Taste envisaged 12 to 15 outlets being built in the first 24 months from the first store opening, which is scheduled for the first half of next year and will be located in Gauteng.

Taste also said it expected headline loss per share, excluding the core earnings adjustment, to be between -10.13 cents and -10.81 cents for the six month period to August 2015, representing a decrease of between 394% and 414%, compared to the headline earnings per share of 3.4 cents for the prior period.

Taste's interim financial results are expected to be released on or about 13 October.

Source: INET BFA

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za