حملات المقاطعة وأسعار الصرف تضغط على أرباح أمريكانا للمطاعم في الربع الرابع 2023
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00:00 The geopolitical tensions and the consequences of the cuts had an impact on the American results in the region,
00:10 which is the largest company in food related to fast food in the region.
00:17 How did the financial results of the company start in 2023, specifically in the fourth quarter?
00:24 The net profits in the fourth quarter of 2023 were 48%, which recorded $32.8 million,
00:35 compared to $63.4 million in the fourth quarter of this year.
00:41 We remind you that the fourth quarter was the most affected in this year as a result of the beginning of the war on Gaza on October 7,
00:49 and the consequences of the cuts, as a result of the sale of many products and commercial brands owned by American restaurants.
01:01 The net profits in the fourth quarter of this year were $259 million,
01:07 with a profit of less than 10 points, while the revenues grew by about 1.5 points to $2.4 billion.
01:14 But the financial results were affected by many factors,
01:19 the most prominent of which was the geopolitical tensions and the consequences of the cuts in fast food restaurants,
01:26 fluctuations in exchange rates, and Egypt was the most prominent in this area.
01:32 $106 million was a factor in the related operations or the fluctuation in the exchange rate.
01:38 The US said in its financial statements that the inflation rates, or the inflation rate between the two corners,
01:45 for three years exceeded 100% levels.
01:49 This had a great impact on the purchasing power, and also the fluctuations in the exchange rate.
01:58 As for the level of the company's revenues, KFC restaurants were the largest in terms of total revenues.
02:08 American restaurants were $1.5 billion, with an increase of about 2% for KFC.
02:14 As for Hode's, it was also 2%, but it was down by $403 million.
02:19 Pizza was 6% or more, 6% in revenues.
02:23 Krispy Kreme was $90 million, with an increase of 8%.
02:28 We saw an increase in the number of restaurants and new stores compared to American restaurants,
02:33 which increased by about 300 restaurants last year.
02:37 But the attention was paid to the level of revenues, which was a decline in revenues in Kuwait, 9%,
02:42 and in Egypt, a 25% decline in revenues to $195 million due to the cuts and the price.
02:51 As for developments related to Americana, first of all, the company's cash distributions.
02:56 It said it offered $130 million in distributions, which is equivalent to less than $0.015 per share.
03:07 This will be discussed in the next General Assembly.
03:10 In addition to the special distributions, a total of $50 million will be distributed in 2023.
03:16 The company has opened 300 new restaurants and spent $168 million last year.
03:24 There are also internal rebuilding operations.
03:28 It may have canceled 100 jobs in Dubai, based on previous statements by a company representative for media.
03:35 So the cuts, geopolitical tensions, and spending pressures are pressing on the profits of Americana for restaurants in the fourth quarter of 2023.