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Restaurant Brands New Zealand Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Restaurant Brands New Zealand (NZSE:RBD) Full Year 2023 Results

Key Financial Results

  • Revenue: NZ$1.40b (up 7.5% from FY 2022).

  • Net income: NZ$16.3m (down 49% from FY 2022).

  • Profit margin: 1.2% (down from 2.5% in FY 2022).

  • EPS: NZ$0.13 (down from NZ$0.26 in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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 4.7%. Earnings per share (EPS) exceeded analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Hospitality industry in Oceania.

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Performance of the market in New Zealand.

The company's shares are down 5.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Restaurant Brands New Zealand (1 shouldn't be ignored!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.