Jollibee Foods Corporation
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, has 18 brands in 34 countries. As of 31 March 2022, JFC was operating 6,246 stores worldwide: 3,225 in the Philippines and 3,021 international: 468 in China, 379 in North America, 310 in EMEAA, 538 with SuperFoods mainly in Vietnam, 1,062 with CBTL and 264 with Milksha. Its largest brands by store outlets worldwide are Jollibee with 1,538, Coffee Bean & Tea Leaf 1,062, Chowking 608, Mang Inasal 577 and Highlands Coffee 500.
See below for the Latest JFC News, Analysis, Profit Results, Share Price Information, and Commentary.
Jollibee Foods acquires majority stake in South Korea’s Compose Coffee for $340M
Jollibee Foods acquires majority stake in South Korea’s Compose Coffee for $340M
It will hold approximately 70% of the shareholding in Compose Coffee.
Jollibee Foods probes data breach
Its e-commerce platforms and those of its subsidiary brands remain unaffected and fully operational.
Philippines’ Jollibee to acquire majority share in its Hong Kong franchisee
It will hold a 60% share in Meko Holdings for $16.08m.
Jollibee net income drops by 10% in Q1
Its net income attributable to equity holders stood at P2.1b (US$37.6m).
JFC eyes opening 600 stores in 2023
It opened 542 stores in 2022, the highest it recorded in a year.
JFC posts 26.4% net income growth in 2022
The Philippine-based food chain also recorded a sales growth of 40.2%.
Jollibee posts ‘record’ 36.4% net income growth in Q3
Its net income stood at P2.14b.
Japanese restaurant Yoshinoya relaunches in the Philippines
This is the first Japanese food chain under the Jollibee Group.
Jollibee net income soars 186% in Q2 22
Its earnings reached P2.8b from P976m.
Philippines’ Jollibee Group relaunches Japanese restaurant Yoshinoya
Yoshinoya currently has more than 2,000 locations across the globe.
JFC expands China presence with 9th Tim Ho Wan store
The company plans to open 10 more in the market.
Jollibee rebounds to P6.3b after 2020 loss
Its 2021 operating income is nearly at the same level as 2019.
JFC net income skyrockets to $43.9m in Q1 2022
The increase from $2.9m in Q1 2021 is backed by property transfer and sales.
JFC sets $347.4m capital expenditure for 2022
A portion will be used for their new stores and renovations.
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