Jollibee bullish on strong ’25, ’26
Jollibee Foods Corp. reported modest gains in the first three quarters of the year amid muted consumer spending.
In a statement on Friday, the fast-food giant said its net income attributable to equity holders of the parent company rose by 2.2 percent to P8.65 billion from P8.46 billion.
Revenues reached P224.22 billion, 14.3 percent higher than P196.24 billion previously.
This, as system-wide sales improved by 18.4 percent to P332.8 billion from P281.1 billion.
For the third quarter alone, system-wide sales increased by 16.8 percent to P115.1 billion.
Overseas business
In the January to September, earnings before interest, taxes, depreciation and amortization stood at P31.91 billion. This was an improvement of 12.4 percent from P28.39 billion.
“Our international business grew by 32.4 percent while the Philippine business demonstrated continued resilience, with 5.5 percent growth. Our multibrand, multimarket strategy remains a key enabler of sustainable and balanced growth across geographies,” said Ernesto Tanmantiong, CEO of Jollibee Group.
He said their third-quarter performance reflected the continued strength of their diversified “brandfolio” and disciplined execution across geographies.
He added that they remained focused on expanding the group’s global footprint.
Chief financial and risk officer Richard Shin said that the company still managed to log “healthy profit growth, though at a more tempered pace compared to the first half of the year.”
“We continue to optimize our capital allocation and enhance asset efficiency through franchising and selective investments, expanding our franchise mix to 77 percent of new store openings year-to-date,” said Shin.
He said that the group’s coffee and tea segment was an “emerging” growth driver, with Compose Coffee on course to surpass 3,000 stores.
10,304 stores
During the period, the Jollibee Group launched 754 new stores, bringing its total network to 10,304 stores.
“We are on track to deliver double-digit top and bottom-line growth, continuing the double-digit growth of 2024,” Shin said. “Equally, we are confident to continue the double-digit growth in 2026.”
