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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.
Time of India
04-07-2025
- Entertainment
- Time of India
Sanjay Mishra, Brijendra Kala lead a heartfelt teacher-student tale
In an industry often ruled by big-budget spectacles and high-octane thrillers, bollywood is set to offer something refreshingly heartfelt this monsoon. Starring veteran actors including Sanjay Mishra , Victor Banerjee , and Brijendra Kala , the story unfolds in a quaint English-medium school where the annual Teachers' Day football match becomes a battle of pride, legacy, and redemption. Sanjay Mishra, known for his evocative portrayals of the common man, plays a central character. Reflecting on the project, he shares in a statement, 'We remember heroes in stadiums and on screens — but we forget the ones who taught us how to walk, speak, and dream. This film is my salaam to those silent warriors in every classroom. Playing Mishraji wasn't just acting — it felt like repaying a lifelong debt.' Director-producer Kunal Shamshere Malla, who also features in a key role, adds, 'This isn't just about football. It's about respect — for teachers, for ourselves, and for second chances. We wanted to tell a story that brings a smile and maybe even a tear.' The ensemble cast includes Atul Srivastava, Deepraj Rana, Kavin Dave, Kiran Dubey, Sariika Singh, and Gayatri Bhargavi, creating a warm and nostalgic school universe designed to resonate across generations. With music by Red Ribbon, background score by Sidharth Pradeep, and a screenplay co-written by Kaviraj Singh and Anuradha Pundeer Malla, the film promises more than just a school story. Whether you're a student, a parent, or someone who remembers a teacher who made a difference — this one may well strike a chord.
Borneo Post
14-05-2025
- Automotive
- Borneo Post
Memorial Pavilion in Kuching honours WWII Nanyang volunteers
Visitors take a closer look at the Red Ribbon installation at the Memorial Pavilion. – Photo by Chimon Upon KUCHING (May 14): A shared Malaysian and Chinese history was brought to the forefront today with the official unveiling of the Memorial Pavilion at the Malaysia-China Friendship Park here. The pavilion pays tribute to the Nanyang volunteer drivers and mechanics from Malaysia whose selfless dedication and perseverance in transporting vital wartime supplies via the Yunnan-Myanmar Road in 1939 made a significant contribution to the victory of the Chinese people's war of resistance against Japanese aggression and the global anti-fascist war. Deputy Premier Datuk Amar Dr Sim Kui Hian officiated the completion ceremony of the Memorial Pavilion, with Communist Party of China Yunnan Provincial Committee secretary and People's Congress of Yunnan Province Standing Committee chairman Wang Ning among those present. In his speech, Dr Sim said many Sarawakian Chinese had volunteered to support China's resistance against Japanese invasion. 'This pavilion stands not only as a physical structure but also as a symbol of remembrance, respect, and recognition for the contributions of the Nanyang volunteer drivers and mechanics. 'It is timely and long overdue, giving descendants, the younger generation, and future visitors a place to reflect and remember,' he said. He said the project reflects the deep-rooted friendship between Sarawak and Yunnan which has been nurtured over decades through people-to-people connections, cultural ties, and shared values. 'Sarawak is proud to be part of this joint initiative with the Yunnan Hand-in-Hand Programme—a testament to our historical connection and mutual respect.' Dr Sim also noted that city-to-city relations between Kuching South and Yunnan's capital city Kunming have flourished through cultural, educational, business, youth development, and sustainable city initiatives. 'This pavilion is a meaningful result of such cooperation, and it shows how cultural diplomacy can lead to tangible and lasting contributions. 'Honouring the Nanyang volunteer drivers and mechanics not only acknowledges the past but also strengthens present and future cooperation between our two regions,' he said. 'It is through such acts of shared remembrance that we deepen our mutual understanding and solidarity.' Sarawak, he noted, is keen to further expand collaboration with Yunnan in areas such as trade, tourism, green development, healthcare, and youth exchange. 'This partnership has great potential to benefit both sides economically and socially,' he said. The Memorial Pavilion is a public welfare project under the Yunnan Hand-in-Hand Programme, carried out by the Yunnan Provincial People's Association for Friendship with Foreign Countries in Kuching South. A Red Ribbon installation stands at the pavilion to symbolise the iconic 24-Turns of the Yunnan-Burma Road—representing the hardship endured during the events—while also serving as a poignant marker of historical connection and a tribute to the shared heritage and lasting bond between the two nations. Others present at the ceremony were Tourism, Creative Industry and Performing Arts Deputy Minister Datuk Sebastian Ting; China's Consul-General in Kuching, Xing Weiping; Kuching South mayor Datuk Wee Hong Seng and deputy mayor Datuk Zaiedi Suhaili; and Batu Lintang assemblyman See Chee How.
