Americana Restaurants
Quick service restaurant operator Americana Restaurants’ recently reported revenues of $1,897.0 million and adjusted EBITDA of $446.5 million for the first nine months of 2023, thus delivering 7.1% and 10.4% growth respectively versus the same period in 2022. Revenue growth was supported by continuing like-for-like revenue growth and growing restaurants portfolio across countries of operation in the Middle East, North Africa and Kazakhstan.
The company reported 6.0% increase in like-for-like revenues for the nine months ended September 30, 2023 in comparison to 2022. This increase in revenues was driven by a robust performance of the company’s three power brands – KFC, Pizza Hut and Hardee’s.
Meanwhile, during the first nine months of 2023, Americana Restaurants added 184 gross new restaurants. Its portfolio stood at 2,338 restaurants as of September 2023, with 92 new restaurants under construction. The company is looking to end 2023 on a high note with 250-260 new restaurants across its markets of operations with a particular focus on Saudi Arabia.
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