Head Topics

Jollibee tops Q1 outlook as sales lift profit to P2.7B

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 92%

Jollibee News

Tops,Q1,Outlook

FAST food giant Jollibee Foods Corp. (JFC) on Tuesday reported a net profit of P2.7 billion for January to March, up 23 percent from P2.2 billion in the same period in 2023 and driven by robust sales.

FAST food giant Jollibee Foods Corp. on Tuesday reported a net profit of P2.7 billion for January to March, up 23 percent from P2.2 billion in the same period in 2023 and driven by robust sales.Revenues grew 11.3 percent to P61.3 billion from P55.1 billion while systemwide sales surged 10 percent to P86.8 billion from P78.6 billion, thanks to volume growth and contributions from new stores.

1 percent despite a month-on-month improvement in average daily sales, while JFC's China business dipped 3.7 percent following a strong performance last year.The Jollibee Group closed the first three months with a 14-percent growth in operating profit to P4.1 billion, resulting in attributable earnings of P2.6 billion — up 27 percent versus the same quarter in 2023.

Tops Q1 Outlook As Sales Lift Profit To P2.7B

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jollibee Group banks on robot baristas to further lift salesThe Jollibee Group beats its profit targets in the first quarter of 2024 and plans to grow its drinks business through DrinkBot machines
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Jollibee Group celebrates women farmers under its Farmer Entrepreneurship ProgramIn a sector traditionally associated with men, the significant contributions of women in agriculture often go unrecognized.
Source: manilabulletin - 🏆 25. / 51 Read more »

Jollibee wins Gallup workplace awardDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

BDO, Jollibee, Mang Inasal, Puregold listed valuable brandsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Jollibee Group recognized with Gallup Exceptional Workplace Award for third timeMANILA, Philippines. 3 May 2024 – Homegrown restaurant company Jollibee Group has been recognized with the Gallup Exceptional Workplace Award (GEWA) for the third time this 2024. This award affirms the company’s commitment to people engagement as an integral part of its business strategy.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Jollibee Group Celebrates Women Farmers Under its Farmer Entrepreneurship ProgramIn a sector traditionally associated with men, the significant contributions of women in agriculture often go unrecognized.
Source: gmanews - 🏆 11. / 68 Read more »