Shakey’s PIZZA more than doubles net income to P76m in Q1

This was driven in part by a strong resurgence of dine-in sales.

Shakey’s Pizza Asia Ventures, Inc. (PIZZA) saw its net income more than double to P76m in the first quarter of the year, driven by a strong resurgence in dine-in sales and a sustained off-premise business.

PIZZA’s net profit margin also expanded by 250 basis points (bps) to 4.7%; whilst its systemwide sales stood at P2.2b, representing a 33% year-on-year growth.

Moreover, PIZZA registered a 23% gross profit growth to P390m, whereas its gross margin during the quarter was at 24.2$, 50 bps compared to the same period last year.

“With a strong topline performance, operating expenses as a percentage of revenues improved by 100bps year-on-year,” the company noted.

PIZZA’s earnings before interest, taxes, depreciation, and amortization rose by 22% to P293m.

Follow the link for more news on

Shakey's PIZZA

Also Read

Philippine malls lure shoppers with complete holiday experience

FairPrice Group extends discount schemes through 2025

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit