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Salesreport

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business1 year ago•46 min saved

Restaurant Brands International Faces Sales Slump and Downgraded Targets

Restaurant Brands International Inc. (RBI) reported a 3.2% year-over-year increase in consolidated system-wide sales for Q3 2024, with global comparable sales up 0.3%. The company achieved a 6.1% organic growth in Adjusted Operating Income, driven by its five franchisor segments. Despite a slight decrease in income from operations, RBI remains on track to meet its 8% organic Adjusted Operating Income growth target for 2024. The company also completed acquisitions of Carrols Restaurant Group and Popeyes China, contributing to its new Restaurant Holdings segment.

via Restaurant Brands International|

#business #financialperformance #franchisegrowth

business-and-finance2 years ago•1 min saved

"BYD Surges in EV Market, Outselling Tesla with Record 3 Million Vehicles in 2023"

China's BYD is poised to outpace Tesla in Q4 sales, marking a significant shift in the electric vehicle (EV) market. BYD reported selling 526,409 EVs in the fourth quarter, while Tesla is expected to report around 476,000. This would be the first time BYD has surpassed Tesla in quarterly deliveries, highlighting the increasing competition in the EV space and the growing market presence of Chinese automakers. Tesla's dominance is being challenged as it faces more rivals and has had to implement price cuts, though it is still on track to nearly meet its annual delivery goal. Tesla will report its Q4 deliveries on Tuesday morning.

via Business Insider|

##business-and-finance #byd