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Jollibee Reports Record 2023 Financial Performance

Beth Laguna-Sy — Tue, 12 Mar 2024 06:15:34 +0000

Jollibee Foods Corporation (JFC), a leading Asian food service company, announced a strong finish for 2023 with significant growth in its fourth quarter and full-year financial results. CEO Ernesto Tanmantiong highlighted an all-time high annual revenue of Php244.1 billion, marking a 15.2% increase from the previous year, and a record operating profit of Php14.4 billion, [...]

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Today’s PSE: High Activity in ICT and MONDE Amidst Varied Sector Performance

BusinessNews.ph — Fri, 16 Feb 2024 11:27:24 +0000

In today’s session at the Philippine Stock Exchange (PSE), trading was marked by mixed performances, with International Container Terminal Services, Inc. (ICT) and Monde Nissin Corporation (MONDE) standing out as the most active stocks in terms of value, StockMarketNews.ph reported. ICT led the market with a 2.56% increase to PHP 280.00, backed by a trading [...]

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JFC Buys Out Partners in Fund Owning Tim Ho Wan

Kharla Marasigan — Wed, 11 Aug 2021 03:49:03 +0000

Jollibee Foods Corporation (JFC), one of Asia’s largest Asian food service companies disclosed today that it will buy the shares of the remaining partners in the fund that owns the Tim Ho Wan brand. Its wholly-owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL), which already owns an 85% participating interest in the fund shall pay SGD71.56 [...]

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Jollibee To Operate Yoshinoya Stores in the Philippines

Beth Laguna-Sy — Tue, 16 Feb 2021 00:46:06 +0000

Jollibee Foods Corporation announced that it will establish a 50/50 joint venture with Yoshinoya International Philippines to operate and expand the Yoshinoya brand in the country. Yoshinoya is a beef bowl business based in Japan and one of the largest and most recognized Japanese restaurant brands globally, with over 2,000 stores worldwide. The joint venture, [...]

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Jollibee Plans To Open More Than 400 Stores Worldwide After 30% Revenue Decline

Jim Delos Angeles — Mon, 15 Feb 2021 02:11:48 +0000

Jollibee Foods Corporation has announced plans to open more than 400 stores worldwide following a pandemic-hit 2020 that dragged sales and revenues to decline by double digits. Jollibee CEO Ernesto Tanmantiong said most of the planned 400 new stores will be outside of the Philippines, particularly in North America, Vietnam, and China. “We aim for [...]

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