Financial Statements
Americana Restaurants’ net profit drops by almost 39% YoY in 2024
Americana Restaurants’ net profit drops by almost 39% YoY in 2024
This was attributed to lower adjusted EBITDA, higher depreciation from new stores, and UAE corporate tax implementation.
Yum China’s net profit climbs by 10% YoY to $911m in 2024
Its net profit for Q4 2024 also increased by 18.6% to $115m.
Yum China sales increase by 5% YoY in 2024
The company increased its cash dividend to 50%.
Figaro Coffee Group earmarks $20.4m for 2025 expansion
The brand plans to open 40 to 60 new stores this year.
Hot pot operator Super Hi bounces back with $37.7m profit in Q3
The group attributed the growth to ongoing expansions and improved guest visits.
Americana Restaurants’ net profit slumps by 48.2% YoY to $117.4m
The company’s revenue also declined by 15.2% to $1.61b in 9M 2024.
Tim Hortons China’s net loss narrows to US$12.5m in Q3 2024
Adjusted corporate EBITDA was a gain of US$300,000.
Restaurant Brands International net income records at US$252m in Q3 2024
The group’s total revenue increased to US$2.3b in Q3 2024.
Chanson International Holding net income slips 14.4% in H1
The drop in revenue was attributed to lower sales in China and the US
More stores for Domino’s after positive FY21 sales
New store openings are expected to increase to 9% to 12% per year.
Delivery Hero raises 2021 outlook following strong Q2 performance
The company continues to see “solid performance” across all its business segments.
Yum China sees Q2 growth despite Delta variant impact
It opened 404 stores during the quarter.
Fairwood sees profit jump 152.4% to US$197m
The group said take-out sales and government subsidies helped.
Café de Coral to speed up China expansion after net profit improves
The company said it was able to take advantage of China’s “shorter recovery period”.
Commentary
Revolutionizing Asia's QSR Scene: How Indian Brands are Leading the Charge