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  • UAE Flag
    FIRST LOOK NOTES
    05 May 2025
    Americana Restaurants
    BUY
    AED 2.11
    AED 2.70
    +27.96%

    UAE Equity Research - Americana Restaurants International PLC (AMR) 1Q25 - First Look Note

    Plans to add 150-160 stores in 2025, including the opening of 14 stores in 1Q25. It ended 1Q25 with 2,630 restaurants, including the addition of 46 Pizza Hut stores in Oman. Americana focuses its expansion efforts on key markets including the UAE, Saudi Arabia, Kuwait, and Iraq.
  • UAE Flag
    EARNINGS CALL INSIGHT
    02 May 2025
    Americana Restaurants
    BUY
    AED 2.23
    AED 3.00
    +34.53%

    UAE Equity Research - Americana Restaurants International PLC (AMR) 1Q25 - Earnings Call Insight

    Americana Restaurants revenue rose 16.2% YOY to USD 573 Mn in 1Q25, primarily supported by growth in like-for-like sales, and continued expansion of the store network. The Company reported a gross profit of USD 303 Mn in 1Q25 as compared to USD 254 Mn in 1Q24, an increase of 19.2% YOY, fueled by effective management and procurement strategies. Gross profit margin expanded from 51.5% in 1Q24 to 52.8% in 1Q25.
  • UAE Flag
    FIRST LOOK NOTES
    17 Feb 2025
    Americana Restaurants
    BUY
    AED 2.60
    AED 3.15
    +21.15%

    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.
  • UAE Flag
    EARNINGS CALL INSIGHT
    14 Feb 2025
    Americana Restaurants
    BUY
    AED 2.59
    AED 3.15
    +21.62%

    UAE Equity Research - Americana Restaurants International PLC (AMR) 4Q24 - Earnings Call Insight

    Americana Restaurants revenue rose 14.1% YOY to USD 589 Mn in 4Q24, driven primarily by LFL growth and newly opened stores during FY2024. The Company reported a gross profit of USD 315 Mn in 4Q24 as compared to USD 270 Mn in 4Q23, an increase of 16.7% YOY, fuelled by favourable commodity prices and effective management and procurement strategies. Gross profit margin also expanded from 52.4% in 4Q23 to 53.5% in 4Q24.
  • UAE Flag
    FIRST LOOK NOTES
    12 Nov 2024
    Americana Restaurants
    BUY
    AED 2.31
    AED 3.15
    +36.36%

    UAE Equity Research - Americana Restaurants International PLC (AMR) 3Q24 - First Look Note

    Americana revised its store guidance for FY2024 from 175-185 in 2Q24 to 150-160 stores in 3Q24 to align with business trend. The Company added 32 gross new stores in 3Q24 leading to a total store count of 2,504 stores at the end of 3Q24.
  • UAE Flag
    FIRST LOOK NOTES
    12 Oct 2024
    Americana Restaurants
    BUY
    AED 2.63
    AED 3.40
    +29.28%

    Prolonged geopolitical tension and demand slowdown in some markets impacted financials

    Americana Restaurant added 81 new stores in UAE and KSA with a portfolio of 2,477 restaurants in 1H24.
  • UAE Flag
    FIRST LOOK NOTES
    21 May 2024
    Americana Restaurants
    ACCUMULATE
    AED 3.26
    AED 3.62
    +11.04%

    The geopolitical situation and seasonal effect of Ramadan impacted the top-line

    Americana added 37 restaurants in 1Q24 with a total restaurant of 2,456 and plans to add 200-225 restaurants in FY2024.
  • UAE Flag
    FIRST LOOK NOTES
    19 Feb 2024
    Americana Restaurants
    ACCUMULATE
    AED 3.29
    AED 3.75
    +13.98%

    Current geopolitical situation and Unfavorable FX movements impacted the revenue growth

    AMR revenue declined 15.0% YOY to USD 516 Mn in 4Q23, mainly due to the ongoing geopolitical situation and unfavorable FX movements.
  • UAE Flag
    FIRST LOOK NOTES
    21 Nov 2023
    Americana Restaurants
    BUY
    AED 3.40
    AED 4.15
    +22.06%

    Healthy LfL growth, rise in restaurant portfolio, and decline in commodity inflation drove bottom-line

    AMR launched dynamic pricing strategy in key markets for KFC in four countries and Hardees in three countries

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