Spur expands Doppio Zero formats: what it means for Spur stock

Published on 10/14/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Spur added seven Doppio stores in the 12 months to June. For Spur stock, Doppio now has 38 stores after the latest rollout.

Formats and growth plans

Spur's Doppio Zero network reached 38 stores after seven openings in the 12 months to June.
Restaurant sales rose 6.90 percent to ZAR 12.3 billion in the year to June.
Spur planned 50 new restaurants in South Africa for the current financial year.

Spur Corporation, restaurants and bars, Doppio Zero, expansion, JSE, Illustration mit AI erstellt.

Spur's Doppio Zero expansion reached 38 stores after seven openings in the 12 months to June, according to Business Bagel on October 1, 2026. The rollout gives Spur stock a concrete growth angle as the restaurant group develops smaller formats for new locations and franchisees.

What the formats mean

Doppio Zero added seven stores in the year to June, while its breakfast category grew sales 8.00 percent. Breakfast still represented 11.00 percent of overall restaurant sales, making the category a defined growth channel rather than the group's main revenue base, according to Moneyweb on September 30, 2026.

The smallest Doppio ROAM format can operate as a 50-square-metre coffee counter or expand to 120 square meters with seating. Its first outlet opened after the June year-end, and the setup cost ZAR 1.3 million, according to Business Bagel on October 1, 2026.

Sales growth meets competition

Spur's restaurants grew sales 6.90 percent to ZAR 12.3 billion in the year to June, even as the company described stronger competition from fast-food chains, delivery promotions and value brands. That comparison matters because the reported sales increase came during a period when customers faced more aggressive discounting across eating out and ordering in.

Spur planned 50 new restaurants in South Africa for the current financial year. The smaller Doppio formats could widen the addressable franchise base because the company said a potential investor may enter with ZAR 1.3 million to ZAR 1.8 million, rather than the capital required for a larger restaurant.

JSE listing and latest figures

Spur Corporation Ltd is listed on the JSE under the symbol SUR. Its latest annual financial statements covered the year ended June 30, 2026, and the release dated August 20, 2026 included a cash dividend, according to Sharenet.