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Record first quarter for Franchise Brands sees shares jump

Franchise Brands PLC (LON:FRAN) shares went up today, Tuesday after it reported a record first quarter ahead of its annual general meeting. Charismatic CEO Stephen Hemsley tells Proactive London how the recruitment side of the business has gone from strength to strength after a recent lull. News here too on the company's massive investment in IT; from simply updating customers with real time information on their orders and a transformational 'dashboard' system for franchisees showing them how their business is going.
Hemsley added the franchise network had grown sales by 12% in the period compared to 10.4% growth in the whole of its 2018 fiscal year.

Quick facts: Franchise Brands PLC

Price: 151 GBX

AIM:FRAN
Market: AIM
Market Cap: £120.03 m
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Full interview: Strong performance and start to 2020 for Franchise Brands

Franchise Brands (LON:FRAN) strong numbers for 2019 show significant growth over the previous year and at least match market expectations for £40.6mln of sales and underlying profits of £5.2mln. Executive Chairman Stephen Hemsley tells Proactive London how he intends to steer the business...

on 16/1/20

2 min read