RFG shocks peers with 175 outlets from 2 latest acquisitions

Plus 45 organic outlet commissionings.

Multi-food franchise operator Retail Food Group Limited announced a 10.5% increase in 1H13 Core Net Profit After Tax. RFG posted a 21.2% increase in Total Revenue to $60m and Core EBIT growth of 13.3% to $27.9m.

The company also announced an interim fully-franked dividend of 9.5 cents per share, with an increased payout ratio to 76%. The interim dividend will be paid on 9 April 2013 with a record date of 21 March 2013.

The RFG announcement said outlet growth during 1H13 was achieved through a combination of organic and acquisition activity. The acquisition of The Coffee Guy and Crust Gourmet Pizza contributed 175 outlets while organic outlet commissionings of 45 represented the strongest six-month result in the company’s history, according to RFG.

CEO Tony Alford said, “RFG’s encouraging first half result can be attributed to enhancing and maximising the transformation, consolidation and re-modelling of RFG’s Brand Systems.”

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