UAE Equity Research - Americana Restaurants International PLC (AMR) - 3Q26 First Look Note
Added 112 net new restaurants over the last 12 months, expanding its network to 2,769 restaurants as of 3Q26. LFL sales growth accelerated to 8.6% YOY in 3Q26 from 6.3% YOY in 1H26, driven by menu innovation, value offerings and targeted marketing initiatives.