Shatirah House Restaurant Co., operating as Burgerizzr, reported a 201.79 percent increase in net profit for the first quarter of 2026, highlighting robust expansion within Saudi Arabia’s food service sector. The company disclosed this significant growth in a filing to the Saudi stock exchange (Tadawul), noting that profits reached SR57.2 million ($15.2 million), driven by sales from newly opened outlets and higher same-store sales.

Burgerizzr also pointed to the impact of its recent acquisition of Coffee Bean Trading Co., completed in the fourth quarter of 2025, which contributed to revenues through the consolidation of that brand’s operations. Total first-quarter revenues rose to SR101.71 million, a 33.5 percent increase year-over-year.

The company’s results reflect broader momentum in Saudi Arabia’s food and beverage market, which has been expanding rapidly. According to Mordor Intelligence, the Kingdom’s food service market is projected to reach $48.8 billion by 2031, growing at a compounded annual rate of 8.11 percent from 2026 onward.

Industry experts link this growth to the ongoing economic and tourism developments related to Saudi Arabia’s Vision 2030 reform plan. Arjun Vir Singh, partner and global head of financial services at Arthur D. Little, noted that rising visitor numbers—estimated at 122 million in 2025 and expected to reach 150 million by 2030—are fueling demand in the sector. Singh highlighted the role of major giga-projects in Diriyah, the Red Sea, AlUla, and Qiddiya, which continue to generate strong interest in premium dining options. Additionally, events like Riyadh Season have positioned the food and beverage industry as a strategic driver for both tourism and economic growth.

Other companies in the sector also reported strong first-quarter results. Americana Restaurants International, the franchisor for brands including KFC, Pizza Hut, and Hardee’s, posted a net profit of SR236.9 million in the first quarter of 2026, representing a 94 percent increase over the same period last year.

These figures underline the accelerating dynamism in Saudi Arabia’s restaurant and food service industries, linked closely to rising consumer demand, expansion of retail outlets, and the country’s broader efforts to diversify its economy.