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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.
22 hours ago
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.
22 hours ago
Philippines' Figaro Coffee Group reports 36% surge in after tax net profit in 2024
The group’s growth was boosted by the expansion of its pizza business.
1 day ago
Tim Hortons China’s net loss narrows to US$12.5m in Q3 2024
Adjusted corporate EBITDA was a gain of US$300,000.
4 days ago
Jollibee Group reports net income increase of 15.3% in Q3 2024
The group attributed the growth this quarter to its acquisition of Compose Coffee.
6 days ago
Shakey’s Pizza Asia posts flat revenue amidst expansion and sales building investments
However, the group expects sales boosts during the holidays to boost their net income to double digits by year-end.
6 days ago
Delivery Hero announces 15% stake via IPO of Talabat on Dubai Financial Market
The list of all shares is expected on the DFM in mid-December of this year.
Jollibee Group acquires full ownership of Tim Ho Wan
They have acquired it for the amount of S$20.2m.
Domino’s sees positive momentum in Q4 with total orders up by 5.8%
Total system sales were up by 3% to £374.8m.
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.
Yum China reports sales boost driven by new restaurant growth
Total system sales grew 4% year-on-year.
Chinese coffee giant Luckin Coffee eyes US entry
The brand reported an operating income of $222.1m in Q3.
Yum China to consider quarterly dividend for November
The declaration will be adopted on or around 4 November if the board decides to proceed.
Citic sells 19.23% McDonald's China, HK stake for $430.3m
The CITIC Capital consortium will hold 52% ownership in McDonald’s China.
Pho Restaurant responds to ‘Pho’ trademark issue
The statement was posted in their social media accounts.
Domino's Pizza allocates 7.66% shares in China business to institutional investors
This will be done through off-market block trades.
McDonald’s UK records a net profit of £35m in 2023
The company’s turnover sales also increased by 14.9% to £1.8b.
Papa John’s UK net loss surges to £18.5m in 2023
Its operating loss also increased to £8.6m.
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Innovations in QSR could be rolled out in months thanks to Gen AI
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Executive insights
Key AI applications include predictive forecasting, finance automation, and personalisation.
Key AI applications include predictive forecasting, finance automation, and personalisation.
Commentary
People want experiences – but not at the cost of food & beverage