SNG: Americana Restaurants achieves higher sales in Q1-25 despite currency devaluation in Egypt

About this update from Americana Restaurants International Plc

First published: 30-Apr-2025 12:48:09Staff WriterAmericana Restaurants International logged net profits attributable to the owners valued at $32.64 million in the first quarter (Q1) of 2025, up 16.50% year-on-year (YoY) from $28.02 million.The company’s revenues jumped by 16.20% to $573.38 million as of 31 March 2025 from $493.50 million in Q1-24, according to the financial results.The cross-listed group delivered robust revenue growth despite softening consumer demand in certain markets, additional days of Ramadan 2025, and the impact from the currency devaluation, primarily in EgyptBasic and diluted earnings per share (EPS) grew by 17.20% YoY to $0.0039 in Q1-25 from $0.0033.This performance was mainly driven by like-for-like sales improvements and the expansion of the store network.During the three-month period, Americana Restaurants opened 14 new stores and launched 46 additional stores from Pizza Hut Oman, bringing the total store count to 2,630 across 12 countries.In 2024, the company’s net profits attributable to the shareholders retreated by 38.80% to $158.75 million from $259.46 million in 2023.Source: MubasherAll Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).MubasherDisclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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