Net profit “attributable to shareholders of the parent company” during the first quarter amounted to $28 million
Americana International Restaurants Company announced today…Its financial results for the first quarterFrom 2024, achieving revenues of $493.5 million.
Americana’s most prominent results for the first quarter of 2024:
- Revenue: $493.5 million, up 2.1% from the previous year.
- Adjusted EBITDA: $103.3 million, a profit margin of 20.9%.
- Net profit: $28 million.
- Cash flow: $159.9 million.
- Number of restaurants: 2,456 restaurants, with 37 new restaurants under construction.
- New openings: 37 restaurants during the first quarter of 2024.
- Expectations: 200 to 225 new restaurants will open during 2024.
Key factors behind the company’s strong performance include:
- Strong growth in all business sectors.
- Low inventory cost.
- Reducing marketing expenses.
- Opening 37 new restaurants.
