International Courant
Web revenue attributable to shareholders of the guardian firm fell 51.8 % to $28 million, in comparison with $58.1 million in the identical interval of 2023.
Income fell 16.3 % to $493.5 million, in comparison with $589.4 million year-over-year.
Adjusted EBITDA was $103.3 million, sustaining a wholesome margin of 20.9 %, versus 21.5 % year-over-year.
The corporate’s money place remained robust at $159.9 million.
Americana Eating places opened 37 new eating places within the first quarter of 2024, bringing its complete portfolio to 2,456 eating places, with 37 extra below development.
The corporate stays dedicated to its growth plans, aiming to open 200 to 225 new eating places by 2024, and can deal with markets much less affected by the present financial local weather.
Americana Eating places expects to enhance gross revenue margins in 2024 in comparison with 2023. The corporate additionally expects a smaller affect of Ramadan on income within the second quarter of 2024 in comparison with the identical interval in 2023.
Americana Worldwide Eating places PLC is an organization listed on the Abu Dhabi Inventory Alternate and the Saudi Inventory Alternate (Tadawul).
The corporate holds the grasp franchise rights for the KFC, Pizza Hut and Hardee’s manufacturers within the Center East, North Africa and Kazakhstan.
Boycott will halve Americana’s income within the first quarter of 2024
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