Latest news with #JollibeeGroup
Yahoo
08-07-2025
- Business
- Yahoo
Jollibee Group Reports Strong Q1 2025, Fueled by Global Expansion with Strong PH and International Growth
WEST COVINA, CA / / July 8, 2025 / The Jollibee Group (PSE:JFC), one of the largest and fastest growing restaurant companies in the world, announced its unaudited financial results for the first quarter ended March 31, 2025. Jollibee Group Q1 2025 Financial Highlights show strong sales and revenue growth, with systemwide sales up 18.9% and revenue up 14.6% year-on-year. Financial Data Quarter 1 (Unaudited)In PHP Millions Except for Per Share Data % Change 2025 2024 System Wide Sales 103, 197 (US$ 1,757) 86,827 (US $1,478) 18.9 Revenues 70,226 (US$ 1,196) 61,304 (US$ 1,044) 14.6 Operating Income 4,809 (US$ 81.9) 4,091 (US$ 69.7) 17.6 EBITDA 9,776 (US$ 166.5) 8,949 (US$ 152.4) 9.2 Net Income 2,499 (US$ 42.6) 2,704 (US$ 46.0) (7.6) Net Income Attributable to Equity Holders ofthe Parent Company 2,406 (US$ 41.0) 2,617 (US $ 44.6) (8.1) Earnings Per Share - Basic 2.069 (US$ 0.035) 2.244 (US$ 0.038) (7.8) Earnings Per Share - Diluted 2.062 (US$ 0.035) 2.238 (US$ 0.038) (7.9) Jollibee Group's consolidated revenues grew 14.6% year-over-year to Php 70.2 billion (US$1.20 billion), driven by robust system-wide sales (SWS) growth of Php 103.2 billion (US$1.76 billion), an increase of 18.9% compared to the Php 86.8 billion (US$1.48 billion) in the first quarter of 2024. This strong performance was supported by continued momentum in Jollibee North America where system-wide sales rose by 10.9%, alongside notable growth in Asia and other international markets. Ernesto Tanmantiong, Jollibee Group Global President and CEO commented, "We are pleased with our first quarter performance, particularly the continued growth in international markets such as North America, where our brands are gaining deeper resonance with local and regional consumers. We are proud to see our brands thrive in diverse cultural settings affirming our belief in the global appeal of the Jollibee Group portfolio. We are also optimistic about the addition of another strong brand in our portfolio, Tim Ho Wan, which further strengthens our position in one of the world's most dynamic consumer markets and supports our long-term international growth strategy." In Q1 2025, system-wide sales for Jollibee U.S. and Canada grew by 10.9%, contributing to a 1.3% increase across all North America brands, including Smashburger, Red Ribbon, and Chowking. As of March 2025, the Jollibee Group operated 361 stores in the region. The Group's international business recorded a 29.5% surge in system-wide sales, significantly boosted by recent acquisitions including Compose Coffee and Tim Ho Wan, which became 100% owned as of 02 January 2025. The Coffee and Tea segment, which represents 45.4% of the Group's international business sales, posted a 62.2% increase, with Compose Coffee accounting for nearly half (49%) of that growth. In the Philippines, system-wide sales rose 11.9% in Q1 2025, driven by strong same-store sales growth across its core brands: Jollibee (+8.6%), Mang Inasal (+15.9%), Chowking (+6.2%), and Red Ribbon (+11.1%). Volume growth-measured by transaction count-was the primary driver behind these gains. The flagship Jollibee brand continued to perform well globally, growing system-wide sales by 13.9%. Regional highlights include Southeast Asia's 27.8% growth, China (Hong Kong and Macau) at 12.9%, Europe at 10.9%, Middle East at 12.9%, Guam at 20.2%, and North America at 10.9%. These positive results were able to offset the challenges in Smashburger and China business. Smashburger experienced an 8.0% decline in same-store sales, mainly due to lower transaction volumes. The China business declined 8.3%, although Yonghe King showed sequential monthly volume improvements during the quarter. Financially, operating income increased 17.6% to Php 4.8 billion (US$81.9 million) despite a 56.2% rise in advertising and promotional expenses as part of the Group's brand-building efforts. Gross profit margin improved by 30 bps, and operating income margin rose by 10 bps. Net income attributable to the parent company (NIAT) decreased 8.1% to Php 2.4 billion (US$ $41.0 million), largely due to higher below-the-line expenses. However, when compared quarter-on-quarter, both operating income and NIAT increased by double digits, reflecting operational strength. Richard Shin, Global Chief Financial and Risk Officer, remarked, "We delivered strong revenue and operating income growth while investing meaningfully in brand building. Our disciplined execution and solid operational fundamentals helped us expand margins, even with elevated promotional spending. We remain confident in achieving our full-year 2025 guidance." As of March 31, 2025, Jollibee Group operated a total of 9,935 stores worldwide, marking a 44.3% increase year-over-year. This total includes 3,393 stores in the Philippines and 6,542 international stores. Key international locations include 560 stores in China, 361 in North America, 393 in Europe, Middle East, Asia, and Australia (EMEAA), 865 Highlands Coffee outlets primarily in Vietnam, 1,246 The Coffee Bean & Tea Leaf locations, 340 Milksha stores, 2,700 Compose Coffee stores, and 77 Tim Ho Wan locations. Corporate Action The Board of Directors approved a regular cash dividend of Php 1.33 (US$ 0.024) per share, payable to shareholders of record as of May 2, 2025. The payment was released on May 16, 2025. Forward-Looking Statement Disclaimer The foregoing disclosure contains forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from those contemplated in the relevant forward-looking statement, and the Jollibee Group gives no assurance that such forward-looking statements will prove to be correct or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from the Jollibee Group's expectations. All subsequent written and oral forward-looking statements attributable to the Jollibee Group or person acting on behalf of the Jollibee Group expressly qualified in their entirety by the above cautionary statements. About Jollibee Group The Jollibee Group (PSE: JFC) is one of the world's fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries. The Jollibee Group's portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology. The Jollibee Group's global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs). The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World's Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME's World's Best Companies and Fortune's Southeast Asia 500 List. To learn more about Jollibee Group, visit Media Contact Katz SOURCE: Jollibee Group View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
08-07-2025
- Business
- Zawya
Jollibee Group Reports Strong Q1 2025, Fueled by Global Expansion with Strong PH and International Growth
SINGAPORE - Media OutReach Newswire - 8 July 2025 - Jollibee Group (PSE: JFC), one of the world's largest and fastest-growing food service companies, reported robust financial results for the first quarter of 2025, reflecting strong performance both in its Philippine and international markets including continued momentum in key Asian markets such as Singapore, Vietnam, and (West) Malaysia. Financial Data Quarter 1 (Unaudited) In PHP Millions Except for Per Share Data % Change 2025 2024 System Wide Sales 103, 197 (US$ 1,757) 86,827 (US $1,478) 18.9 Revenues 70,226 (US$ 1,196) 61,304 (US$ 1,044) 14.6 Operating Income 4,809 (US$ 81.9) 4,091 (US$ 69.7) 17.6 EBITDA 9,776 (US$ 166.5) 8,949 (US$ 152.4) 9.2 Net Income 2,499 (US$ 42.6) 2,704 (US$ 46.0) (7.6) Net Income Attributable to Equity Holders of the Parent Company 2,406 (US$ 41.0) 2,617 (US $ 44.6) (8.1) Earnings Per Share - Basic 2.069 (US$ 0.035) 2.244 (US$ 0.038) (7.8) Earnings Per Share - Diluted 2.062 (US$ 0.035) 2.238 (US$ 0.038) (7.9) For the quarter ending March 31, 2025, the Jollibee Group reported system-wide sales (SWS) of Php 103.2 billion (US$ 1.76 billion), an increase of 18.9% compared to Php 86.8 billion (US$ 1.48 billion) in the same period last year. Consolidated revenues grew by 14.6% year-over-year to Php 70.2 billion (US$ 1.20 billion). This growth was driven by a combination of 5.5% same store sales growth (SSSG), mainly from volume growth and new store contributions. Same-Store Sales Growth (SSSG) in the Philippines rose by 8.5%, led by Mang Inasal (+15.9%), Red Ribbon (+11.1%), Jollibee (+8.6%), and Chowking (+6.2%). This drove an 11.9% increase in system-wide sales in Q1 2025, primarily fueled by higher transaction volumes. International SSSG grew slightly by 0.7%, with strong contributions from Europe, Middle East, Asia, and Australia (EMEAA) at +5.3%, North American operations of Asian brands—such as Jollibee, Chowking, and Red Ribbon—at +4.8%, Highlands Coffee +4.4%, Milksha +3.1%, and The Coffee Bean & Tea Leaf (CBTL) +2.8%. The China business declined by 8.3%, although Yonghe King showed sequential improvement in transaction count. Smashburger also posted an 8.0% decline in SSSG, mainly due to lower transaction volumes. Jollibee Group Global President and CEO Ernesto Tanmantiong commented,"We are pleased with our first quarter performance, particularly the continued growth in international markets such as Singapore, where our brands are gaining deeper resonance with local and regional consumers. We are proud to see our brands thrive in diverse cultural settings affirming our belief in the global appeal of the Jollibee Group portfolio. We are also optimistic about the addition of another strong brand in our portfolio, Tim Ho Wan, which further strengthens our position in one of the world's most dynamic consumer markets and supports our long-term international growth strategy." Jollibee Group's international business saw system-wide sales (SWS) increase by 29.5%. This performance was significantly supported by the acquisition of Compose Coffee, which contributed 17.8% to the international business' SWS growth. The Group's Coffee and Tea segment—now comprising 45.4% of its international SWS—recorded a 62.2% increase, with Compose Coffee accounting for 49% of this growth. Tim Ho Wan, now 100% owned by the Jollibee Group effective 02 January 2025, contributed to the international business' growth in the quarter. Flagship brand Jollibee system-wide sales rose by 13.9% globally, with standout performances in several international markets. The Philippines recorded 13.3% growth, China (Hong Kong and Macau) 12.9%, North America 10.9%, Southeast Asia 27.8%, the Middle East 12.9%, Europe 10.9%, and Guam 20.2%. These results underscore the Jollibee brand's growing global appeal and its positioning to win with consumers across diverse international markets. Singapore alongside other Southeast Asia markets continue to play an important role in the Group's expansion, reflecting increased brand recognition and strong operational performance in the region. Operating income grew by 17.6% to Php 4.8 billion (US$ 81.9 million), despite a 56.2% increase in advertising and promotions aimed at building brand equity and expanding market reach. The corresponding margin improved by 10 basis points due to higher gross profit levels and a modest rise in general and administrative expenses. Net income attributable to equity holders of the Parent Company (NIAT) decreased by 8.1% to Php 2.4 billion (US$ 41.0 million), driven by higher below-the-line items. However, quarter-on-quarter, both operating income and NIAT increased by double digits. The year-over-year NIAT decline was largely due to non-operational factors. Jollibee Group Global Chief Financial and Risk Officer Richard Shin commented, " We delivered strong revenue and operating income growth while investing meaningfully in brand building. Our disciplined execution and solid operational fundamentals helped us expand margins, even with elevated promotional spending. We remain confident in achieving our full-year 2025 guidance." As of March 2025, the Jollibee Group's global store network increased by 44.3% year-over-year to 9,935 stores. This includes 3,393 stores in the Philippines and 6,542 stores internationally, comprising 560 in China, 361 in North America, 393 in EMEAA, 865 with Highlands Coffee primarily in Vietnam, 1,246 with CBTL, 340 with Milksha, 2,700 with Compose Coffee, and 77 with Tim Ho Wan. The Jollibee Group's performance in Q1 2025 reflects its focused execution and the strength of its global portfolio. The continued success in Southeast Asia, including Singapore, supports its ambition to become one of the top five restaurant companies in the world. Corporate Action On the corporate governance front, the Jollibee Group's Board of Directors approved the declaration of a regular cash dividend of Php 1.33 (US$ 0.024) per share of common stock on April 14, 2025. The dividend was released on May 16, 2025, to shareholders of record as of May 2, 2025. Forward-Looking Statement Disclaimer The foregoing disclosure contains forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from those contemplated in the relevant forward-looking statement, and the Jollibee Group gives no assurance that such forward-looking statements will prove to be correct, or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from the Jollibee Group's expectations. All subsequent written and oral forward-looking statements attributable to the Jollibee Group or person acting on behalf of the Jollibee Group expressly qualified in their entirety by the above cautionary statements. Hashtag: #JollibeeGroup The issuer is solely responsible for the content of this announcement. About Jollibee Group The Jollibee Group (PSE: JFC) is one of the world's fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries. The Jollibee Group's portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology. The Jollibee Group's global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs). The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World's Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME's World's Best Companies and Fortune's Southeast Asia 500 List. Jollibee Group
The Sun
08-07-2025
- Business
- The Sun
Jollibee Group Reports Strong Q1 2025, Fueled by Global Expansion with Strong PH and International Growth
SINGAPORE - Media OutReach Newswire - 8 July 2025 - Jollibee Group (PSE: JFC), one of the world's largest and fastest-growing food service companies, reported robust financial results for the first quarter of 2025, reflecting strong performance both in its Philippine and international markets including continued momentum in key Asian markets such as Singapore, Vietnam, and (West) Malaysia. For the quarter ending March 31, 2025, the Jollibee Group reported system-wide sales (SWS) of Php 103.2 billion (US$ 1.76 billion), an increase of 18.9% compared to Php 86.8 billion (US$ 1.48 billion) in the same period last year. Consolidated revenues grew by 14.6% year-over-year to Php 70.2 billion (US$ 1.20 billion). This growth was driven by a combination of 5.5% same store sales growth (SSSG), mainly from volume growth and new store contributions. Same-Store Sales Growth (SSSG) in the Philippines rose by 8.5%, led by Mang Inasal (+15.9%), Red Ribbon (+11.1%), Jollibee (+8.6%), and Chowking (+6.2%). This drove an 11.9% increase in system-wide sales in Q1 2025, primarily fueled by higher transaction volumes. International SSSG grew slightly by 0.7%, with strong contributions from Europe, Middle East, Asia, and Australia (EMEAA) at +5.3%, North American operations of Asian brands—such as Jollibee, Chowking, and Red Ribbon—at +4.8%, Highlands Coffee +4.4%, Milksha +3.1%, and The Coffee Bean & Tea Leaf (CBTL) +2.8%. The China business declined by 8.3%, although Yonghe King showed sequential improvement in transaction count. Smashburger also posted an 8.0% decline in SSSG, mainly due to lower transaction volumes. Jollibee Group Global President and CEO Ernesto Tanmantiong commented, 'We are pleased with our first quarter performance, particularly the continued growth in international markets such as Singapore, where our brands are gaining deeper resonance with local and regional consumers. We are proud to see our brands thrive in diverse cultural settings affirming our belief in the global appeal of the Jollibee Group portfolio. We are also optimistic about the addition of another strong brand in our portfolio, Tim Ho Wan, which further strengthens our position in one of the world's most dynamic consumer markets and supports our long-term international growth strategy.' Jollibee Group's international business saw system-wide sales (SWS) increase by 29.5%. This performance was significantly supported by the acquisition of Compose Coffee, which contributed 17.8% to the international business' SWS growth. The Group's Coffee and Tea segment—now comprising 45.4% of its international SWS—recorded a 62.2% increase, with Compose Coffee accounting for 49% of this growth. Tim Ho Wan, now 100% owned by the Jollibee Group effective 02 January 2025, contributed to the international business' growth in the quarter. Flagship brand Jollibee system-wide sales rose by 13.9% globally, with standout performances in several international markets. The Philippines recorded 13.3% growth, China (Hong Kong and Macau) 12.9%, North America 10.9%, Southeast Asia 27.8%, the Middle East 12.9%, Europe 10.9%, and Guam 20.2%. These results underscore the Jollibee brand's growing global appeal and its positioning to win with consumers across diverse international markets. Singapore alongside other Southeast Asia markets continue to play an important role in the Group's expansion, reflecting increased brand recognition and strong operational performance in the region. Operating income grew by 17.6% to Php 4.8 billion (US$ 81.9 million), despite a 56.2% increase in advertising and promotions aimed at building brand equity and expanding market reach. The corresponding margin improved by 10 basis points due to higher gross profit levels and a modest rise in general and administrative expenses. Net income attributable to equity holders of the Parent Company (NIAT) decreased by 8.1% to Php 2.4 billion (US$ 41.0 million), driven by higher below-the-line items. However, quarter-on-quarter, both operating income and NIAT increased by double digits. The year-over-year NIAT decline was largely due to non-operational factors. Jollibee Group Global Chief Financial and Risk Officer Richard Shin commented, 'We delivered strong revenue and operating income growth while investing meaningfully in brand building. Our disciplined execution and solid operational fundamentals helped us expand margins, even with elevated promotional spending. We remain confident in achieving our full-year 2025 guidance.' As of March 2025, the Jollibee Group's global store network increased by 44.3% year-over-year to 9,935 stores. This includes 3,393 stores in the Philippines and 6,542 stores internationally, comprising 560 in China, 361 in North America, 393 in EMEAA, 865 with Highlands Coffee primarily in Vietnam, 1,246 with CBTL, 340 with Milksha, 2,700 with Compose Coffee, and 77 with Tim Ho Wan. The Jollibee Group's performance in Q1 2025 reflects its focused execution and the strength of its global portfolio. The continued success in Southeast Asia, including Singapore, supports its ambition to become one of the top five restaurant companies in the world. Corporate Action On the corporate governance front, the Jollibee Group's Board of Directors approved the declaration of a regular cash dividend of Php 1.33 (US$ 0.024) per share of common stock on April 14, 2025. The dividend was released on May 16, 2025, to shareholders of record as of May 2, 2025. Forward-Looking Statement Disclaimer The foregoing disclosure contains forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from those contemplated in the relevant forward-looking statement, and the Jollibee Group gives no assurance that such forward-looking statements will prove to be correct, or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from the Jollibee Group's expectations. All subsequent written and oral forward-looking statements attributable to the Jollibee Group or person acting on behalf of the Jollibee Group expressly qualified in their entirety by the above cautionary statements.
Malay Mail
08-07-2025
- Business
- Malay Mail
Jollibee Group Reports Strong Q1 2025, Fueled by Global Expansion with Strong PH and International Growth
Jollibee Group Q1 2025 Financial Highlights show strong sales and revenue growth, with systemwide sales up 18.9% and revenue up 14.6% year-on-year. Financial Data Quarter 1 (Unaudited) In PHP Millions Except for Per Share Data % Change 2025 2024 System Wide Sales 103, 197 (US$ 1,757) 86,827 (US $1,478) 18.9 Revenues 70,226 (US$ 1,196) 61,304 (US$ 1,044) 14.6 Operating Income 4,809 (US$ 81.9) 4,091 (US$ 69.7) 17.6 EBITDA 9,776 (US$ 166.5) 8,949 (US$ 152.4) 9.2 Net Income 2,499 (US$ 42.6) 2,704 (US$ 46.0) (7.6) Net Income Attributable to Equity Holders of the Parent Company 2,406 (US$ 41.0) 2,617 (US $ 44.6) (8.1) Earnings Per Share - Basic 2.069 (US$ 0.035) 2.244 (US$ 0.038) (7.8) Earnings Per Share - Diluted 2.062 (US$ 0.035) 2.238 (US$ 0.038) (7.9) SINGAPORE - Media OutReach Newswire - 8 July 2025 - Jollibee Group (PSE: JFC), one of the world's largest and fastest-growing food service companies, reported robust financial results for the first quarter of 2025, reflecting strong performance both in its Philippine and international markets including continued momentum in key Asian markets such as Singapore, Vietnam, and (West) the quarter ending March 31, 2025, the Jollibee Group reported system-wide sales (SWS) of Php 103.2 billion (US$ 1.76 billion), an increase of 18.9% compared to Php 86.8 billion (US$ 1.48 billion) in the same period last year. Consolidated revenues grew by 14.6% year-over-year to Php 70.2 billion (US$ 1.20 billion). This growth was driven by a combination of 5.5% same store sales growth (SSSG), mainly from volume growth and new store Sales Growth (SSSG) in the Philippines rose by 8.5%, led by Mang Inasal (+15.9%), Red Ribbon (+11.1%), Jollibee (+8.6%), and Chowking (+6.2%). This drove an 11.9% increase in system-wide sales in Q1 2025, primarily fueled by higher transaction volumes. International SSSG grew slightly by 0.7%, with strong contributions from Europe, Middle East, Asia, and Australia (EMEAA) at +5.3%, North American operations of Asian brands—such as Jollibee, Chowking, and Red Ribbon—at +4.8%, Highlands Coffee +4.4%, Milksha +3.1%, and The Coffee Bean & Tea Leaf (CBTL) +2.8%. The China business declined by 8.3%, although Yonghe King showed sequential improvement in transaction count. Smashburger also posted an 8.0% decline in SSSG, mainly due to lower transaction Group Global President and CEO Ernesto Tanmantiong commented,Jollibee Group's international business saw system-wide sales (SWS) increase by 29.5%. This performance was significantly supported by the acquisition of Compose Coffee, which contributed 17.8% to the international business' SWS growth. The Group's Coffee and Tea segment—now comprising 45.4% of its international SWS—recorded a 62.2% increase, with Compose Coffee accounting for 49% of this Ho Wan, now 100% owned by the Jollibee Group effective 02 January 2025, contributed to the international business' growth in the brand Jollibee system-wide sales rose by 13.9% globally, with standout performances in several international markets. The Philippines recorded 13.3% growth, China (Hong Kong and Macau) 12.9%, North America 10.9%, Southeast Asia 27.8%, the Middle East 12.9%, Europe 10.9%, and Guam 20.2%.These results underscore the Jollibee brand's growing global appeal and its positioning to win with consumers across diverse international markets. Singapore alongside other Southeast Asia markets continue to play an important role in the Group's expansion, reflecting increased brand recognition and strong operational performance in the income grew by 17.6% to Php 4.8 billion (US$ 81.9 million), despite a 56.2% increase in advertising and promotions aimed at building brand equity and expanding market reach. The corresponding margin improved by 10 basis points due to higher gross profit levels and a modest rise in general and administrative income attributable to equity holders of the Parent Company (NIAT) decreased by 8.1% to Php 2.4 billion (US$ 41.0 million), driven by higher below-the-line items. However, quarter-on-quarter, both operating income and NIAT increased by double digits. The year-over-year NIAT decline was largely due to non-operational Group Global Chief Financial and Risk Officer Richard Shin commented, "As of March 2025, the Jollibee Group's global store network increased by 44.3% year-over-year to 9,935 stores. This includes 3,393 stores in the Philippines and 6,542 stores internationally, comprising 560 in China, 361 in North America, 393 in EMEAA, 865 with Highlands Coffee primarily in Vietnam, 1,246 with CBTL, 340 with Milksha, 2,700 with Compose Coffee, and 77 with Tim Ho Jollibee Group's performance in Q1 2025 reflects its focused execution and the strength of its global portfolio. The continued success in Southeast Asia, including Singapore, supports its ambition to become one of the top five restaurant companies in the the corporate governance front, the Jollibee Group's Board of Directors approved the declaration of a regular cash dividend of Php 1.33 (US$ 0.024) per share of common stock on April 14, 2025. The dividend was released on May 16, 2025, to shareholders of record as of May 2, foregoing disclosure contains forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from those contemplated in the relevant forward-looking statement, and the Jollibee Group gives no assurance that such forward-looking statements will prove to be correct, or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from the Jollibee Group's expectations. All subsequent written and oral forward-looking statements attributable to the Jollibee Group or person acting on behalf of the Jollibee Group expressly qualified in their entirety by the above cautionary #JollibeeGroup The issuer is solely responsible for the content of this announcement. About Jollibee Group The Jollibee Group (PSE: JFC) is one of the world's fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries. The Jollibee Group's portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology. The Jollibee Group's global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs). The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World's Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME's World's Best Companies and Fortune's Southeast Asia 500 List. To learn more about Jollibee Group, visit
Associated Press
02-06-2025
- Business
- Associated Press
Jollibee Continues Stellar Growth Across Southeast Asia, Strengthens Leadership in Key Markets
MANILA, PHILIPPINES - Media OutReach Newswire - 2 June 2025 - Jollibee, the flagship brand of Jollibee Group, continues its remarkable growth across Southeast Asia, recording strong sales performance and store expansion across key markets in the region. In Q1 2025, the brand achieved an impressive 27.8% systemwide sales growth across its Southeast Asia operations outside the Philippines, including Vietnam, Malaysia, Singapore, and Brunei. Jollibee's strong showing in Southeast Asia strongly contributed to the Jollibee Group's third consecutive year of record performance in 2024. With strong sales and continued store expansion, Jollibee deepens brand love and local patronage in Vietnam, Malaysia, Singapore, and Brunei The brand opened 51 new stores in the region in 2024, including its 200th store in Vietnam, which reflects Jollibee's commitment to bringing the joy of eating to the region's most dynamic quick-service restaurant (QSR) markets. 'We are grateful for our consumers' love for Jollibee, which reflects the strength of our flagship brand and the appeal of our offerings in different markets,' said Ernesto Tanmantiong, Global President and Chief Executive Officer of the Jollibee Group. 'Our continued strong growth across our international markets, particularly Southeast Asia, is a testament to the hard work of our team and commitment to our 5-year strategy of tripling attributable net income.' Winning with Local Love, Taste, and Innovation The brand's continuous effort to build relevance and resonance with local customers has resulted in strong local patronage across all Southeast Asian markets. In Vietnam, for example, where Jollibee now operates over 200 stores, nearly all customers are Vietnamese. In Brunei, Jollibee has established a leading position as the market leader in the QSR category, with virtually all customers also being local Bruneians. The brand is also experiencing strong community patronage in Singapore and Malaysia, where the majority of its consumers are locals. Another key driver of Jollibee's success in the region is the taste superiority of its products, especially the brand's world-famous Chickenjoy fried chicken—recognized by global platforms such as USA Today as the 'Best Fried Chicken' and lauded by renowned publications including Yahoo!, and South China Morning Post. The brand's Spicy Chickenjoy is also continuing to make waves, with many local consumers in Singapore and Malaysia praising its uniquely spicy kick compared to the competition. Beyond its fan-favorite bestsellers, Jollibee's success has also been fueled by its ability to introduce locally resonant menu innovations, including Chili Chicken in Vietnam and the Spicy Spaghetti in Malaysia, which have been well-received by local consumers. 'Our commitment to delivering superior taste has fueled our growth in Southeast Asia, and we're grateful to have passionate franchisees and partners who share in this mission,' shared Dennis Flores, President of Jollibee Europe, Middle East, Asia, and Australia. 'We are excited to strengthen these relationships, while also seeking new franchisees for new markets as we bring the joy of superior taste to more customers around the world.' Accelerating Expansion in Southeast Asia Riding on this momentum, Jollibee will continue its store network expansion across Southeast Asia, contributing to the global food company's mid-term goal of tripling its business in five years. This ongoing expansion reinforces Southeast Asia's critical role in Jollibee Group's global growth strategy, as the company continues its commitment to spreading joy through superior taste through global expansion, combining strong brand equity, product excellence, and operational agility. For more information on Jollibee Group, visit Jollibee Group's official website. Hashtag: #JollibeeGroup The issuer is solely responsible for the content of this announcement. About Jollibee Group The Jollibee Group (PSE: JFC) is one of the world's fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries. The Jollibee Group's portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology. The Jollibee Group's global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs). The Jollibee Group has been recognized as the Philippines' Most Admired Company by the Asian Wall Street Journal, named one of Asia's Fab 50 Companies, and listed among Forbes' World's Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME's World's Best Companies and Fortune's Southeast Asia 500 List.
