Jollibee

Benise Balaoing

ABS-CBN News

<p>MANILA — Jollibee Foods Corporation said its net income climbed to P8.876 billion in the first 9 months of the year, up from P7.225 billion recorded in the same period last year, because of strong contributions from both its local and international stores. </p><p>In the third quarter alone, the fastfood giant&#x27;s net income reached P2.985 billion, higher than the P2.530 billion in the same period in 2023.</p><p>Jollibee said system-wide sales for the quarter grew by 13.2 percent, as its international business expanded by 20.5 percent. Coffee chain <a href="https://news.abs-cbn.com/business/2024/8/16/jollibee-formally-buys-korea-s-compose-coffee-1720" rel="noopener noreferrer" target="_blank">Compose Coffee</a>, which the company bought in August, contributed 11.5 percent to the international business’ growth.</p><div><a href="https://news.abs-cbn.com/business/2024/7/25/jollibee-to-keep-compose-coffee-in-korea-for-now-1550" rel="noopener noreferrer" target="_blank">Jollibee to keep Compose Coffee in Korea for now</a></div><p>In the Philippines, meanwhile, system-wide sales rose by 8.5 percent. Same-store sales growth also jumped by 6.4 percent because of growth from Jollibee, Mang Inasal, and Chowking. </p><p>Jollibee said net income attributable to equity holder of the parent company kicked up by 15.3 percent. </p><p>JFC also has wholly owned brands including ChowKing, Greenwich, Red Ribbon, Mang Inasal, Yonghe King and Hong Zhuang Yuan, and franchised brands including Burger King, Panda Express, and Yoshinoya in the Philippines.</p><p><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"></span>JFC has been expanding its portfolio of brands worldwide with recent acquisitions such as Korea&#x27;s Compose Coffee and Japan&#x27;s Milksha.  It also struck deals to bring Common Man Coffee Roasters and Tiong Bahru Bakery to the Philippines.<span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"></span></p><p>Recently, it took over the management and ownership of the Michelin-starred <a href="https://news.abs-cbn.com/business/01/02/24/jollibee-ups-stake-in-fund-owning-tim-ho-wan" rel="noopener noreferrer" target="_blank">Tim Ho Wan</a> restaurant chain.</p><div><strong>RELATED STORY:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/n_l-BHM_gms?&amp;ab_channel=ABS-CBNNewsautoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>Jollibee Foods Corporation said its net income climbed to P8.876 billion in the first 9 months of the year.</p>

Jollibee Foods Corporation said its net income climbed to P8.876 billion in the first 9 months of the year.

Compose Coffee helps perk up Jollibee Jan-Sept net income | ABS-CBN

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Compose Coffee helps perk up Jollibee Jan-Sept net income

Compose Coffee helps perk up Jollibee Jan-Sept net income

Benise Balaoing,

ABS-CBN News

Published Nov 12, 2024 11:26 AM PHT

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