Restaurant Brands New Zealand (NZSE:RBD) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$1.47b (up 5.7% from FY 2023).
• Net income: NZ$26.5m (up 63% from FY 2023).
• Profit margin: 1.8% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: NZ$0.21 (up from NZ$0.13 in FY 2023).

RBD Store Count

• Total stores: 521 (up by 23 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Restaurant Brands New Zealand EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 3.2%.

The primary driver behind last 12 months revenue was the New Zealand segment contributing a total revenue of NZ$625.9m (42% of total revenue). Notably, cost of sales worth NZ$1.22b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to NZ$81.8m (37% of total expenses). Explore how RBD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Hospitality industry in Oceania.

Performance of the market in New Zealand.

The company's shares are down 8.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Restaurant Brands New Zealand you should know about.

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