UAE Equity Research - Americana Restaurants International PLC (AMR) 4Q24 - First Look Note
By the end of 2024, Americana expanded its total portfolio to 2,590 restaurants, opening 213 gross new stores and 155 net new stores, with 183 of these dedicated to power brands (KFC, Pizza Hut, Hardee’s). Americana expanded into new markets like Kazakhstan, Morocco, and Iraq during FY2024.