1 Day
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Burgerizzr Stays Neutral
Riyad Capital maintained its “Neutral” recommendation on Burgerizzr shares and set a 12-month target price of SAR 6.80. This followed a decline in net profit to SAR 3.3 million, down 4% year on year and 39% quarter on quarter, amid higher fixed costs, financing costs related to “Shoghl,” and rising food prices. Revenue increased 15% year on year to SAR 113 million, but came in below the forecast of SAR 128 million. Electricity and water tariff adjustments scheduled to take effect on January 1, 2027, could increase the cost of revenue by around 1%, though the company does not expect a material financial impact.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)