2023 and beyond with the Figaro Coffee Group

The '2023 Business Performance and Beyond' event was graced by Figaro Coffee Group's top management, including chairman Justin Liu, president and CEO Divine Cabuloy, COO and EVP Mike Barret and CFO Petronio Español III.MANILA, Philippines — The Figaro Coffee Group, one of the Philippines’ leading and beloved food and beverage conglomerates, hosted a remarkable press conference at the Edsa Shangri-La Mandaluyong.

This expansion was complemented by a 6% increase in same-store sales compared to the previous year, driving total revenues to a substantial P4.28 billion, up from P2.44 billion in the same period the year before. Despite these challenges, net income after tax witnessed an extraordinary 133% increase, soaring to P462.6 million from P198.2 million, driven by increased volumes and efficient cost management.

The Figaro Coffee Group remains firmly poised for growth in the coming years, with ample funding for capital expenditure requirements, strong margins, and positive projections in terms of transaction counts and same-store sales percentage.Angel’s Pizza, the strongest brand under the Figaro Coffee Group umbrella, introduced a series of exciting developments in 2023.

Furthermore, the brand introduced delectable new items to its menu such as Palabok Special, Chicken Fingers, Banana Langka Pie, Ube Macapuno Pie, Saba Con Yelo and Triple Chocolate Cake.In the world of Figaro Coffee, 2023 saw the introduction of new items: the Roasted Almond Oatmilk Latte, its Piña Colada Cake and keto selections in selected stores. Meanwhile, Tien Ma’s presented three new offerings to its patrons: the Honey Walnut Chicken, Spinach Soup and General Tso’s Chicken.

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