RESTAURANTS, BARS & PUBS NEWS

The company reported global comparable sales growth of 3.6%, with gains seen across all operating segments.

The company projects cash flow generation of INR 400-500 million (US$4.55 million to US$5.69 million) in 2025/26 from this initiative.

The deal is expected to close in the first quarter of 2026, subject to regulatory and shareholder approvals.

Under the joint venture, Boyu will hold up to 60% of Starbucks’ China retail business, while Starbucks retains a 40% stake and continues to own and license its brand and intellectual property.

RBI reiterated its 2025 guidance, expecting adjusted interest expense net of US$520 million, and maintained its long-term targets for 2024-2028, aiming for more than 3% comparable sales growth and over 8% organic adjusted operating income growth annually on average.

The collaborations aim to position the brand strongly within India’s growing hospitality scene and Mexico’s celebration-focused dining market, while retaining the fun, quality, and community that define the TGI Fridays experience.

Net profit attributable to shareholders increased 15.3% to US$135.4 million, maintaining a solid 7.4% margin despite a US$11.3 million tax impact in key markets in 2025.

Consolidated net revenues for the fiscal third quarter reached US$9.6 billion, representing a 5% increase year-over-year.

The company repurchased US$686.5 million in stock at an average price of US$42.39 per share during the quarter.

The chain aims to surpass 1,000 international stores within several years, part of a wider goal to drive system sales above US$1 billion by 2025.