John Dory’s sales fell 11.2% to R374.8 million as six restaurants closed during the year, but Spur says it will keep the seafood chain and review its remaining outlets.
Spur Corporation is standing by John Dory’s despite an 11.2% decline in sales and the closure of six restaurants, with CEO Val Nichas saying the seafood chain still has a future as the group works on a new plan for the struggling brand.
John Dory’s sales fell from R422.2 million to R374.8 million in the year to June 2026, while profit before tax dropped 23.3% to R7.7 million.
The brand’s footprint also contracted for the second consecutive year, with six restaurants closed during the financial year, including five in South Africa.
Its South African network fell from 44 to 39 outlets, while the total domestic and international footprint declined from 46 to 40 restaurants.
