Restaurant Brands New Zealand Limited (ASX:RBD) Announces FY24 Financial Performance
Financial Performance
Restaurant Brands New Zealand Limited reported FY24 total Group sales of $1.4 billion, a 5.4% increase year-on-year. Group Store EBITDA rose by 8.9% to $194 million, with EBITDA margins improving to 13.9% of sales. The Group achieved a Net Profit After Tax (NPAT) of $26.5 million, marking a 62.6% uplift from the previous year.
Operational Highlights
The company operated 521 stores across four regions by the end of FY24, including 381 company-owned and 140 franchised locations. New Zealand and Hawaii were the strongest performers, while Australia and California faced more constrained economic conditions. Additionally, 27 new stores were opened, and 40 stores were refurbished during the fiscal year.
Shareholder Returns
Restaurant Brands declared a special dividend of $22 million to shareholders in December 2024, supported by net operating cash inflows of $133 million and reduced net investing cash outflows. The Group’s net debt decreased slightly to $253 million, with $121 million of available undrawn banking capacity.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
