Franchise Brands PLC (LON:FRAN) chairman Stephen Hemsley tells Proactive London's Katie Pilbeam about year he describes as 'a year of three quarters ' the first quarter was very strong, second quarter heavily impacted by the first shutdown....... and it's been a steady recovery since then.'
In the three months to September 30, sales grew by an average of 8% per month from June onwards as the UK economy emerged from lockdown, and by September system sales were 9% higher than a year ago.
As a result, the division’s sales in the third quarter were down only 6% year-on-year, compared to a 30% decline for the division at the height of lockdown in April and May.