AMR: Revenue declined 15.2% year-over-year amid macro and geopolitical headwinds; margin held at 22.1%

About this update from Americana Restaurants International Plc

H1 2024 saw revenue fall 15.2% year-over-year to $1.05 billion, with like-for-like sales down 20.3% due to geopolitical conflict, macro pressures, and increased competition. Adjusted EBITDA margin was 22.1%, and 81 new stores opened, with guidance revised to 175-185 net new stores for 2024.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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