Figaro Coffee Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 11, 2024 at 10:58 pm EST
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Figaro Coffee Group, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PHP 1,450.32 million compared to PHP 1,021.6 million a year ago. Net income was PHP 194.75 million compared to PHP 181.69 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.04 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to PHP 0.04 a year ago.
For the six months, sales was PHP 2,767.65 million compared to PHP 2,040.28 million a year ago. Net income was PHP 282.94 million compared to PHP 265.11 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to PHP 0.06 a year ago. Diluted earnings per share from continuing operations was PHP 0.05 compared to PHP 0.06 a year ago.
Figaro Coffee Group, Inc. is a Philippines-based company, which is engaged in processing, manufacturing, and packaging all kinds of food products; to establish, invest, develop, operate and maintain restaurants, coffee shops and refreshment parlors. It serves, arranges and caters for foods, drinks, refreshments and other food or commodities, to partner and/or collaborate with other players in the food industry for the management and operation of food establishments and to acquire, invest, organize, develop, promote, or otherwise undertake the management and operation of commercial franchises in the food industry. It provides facilities and commissaries and performs all other activities and services incidental thereto, necessary or desirable in relation thereto, and offers and sells to public such products, franchises, services and other operations. It also operates its own roasting facility, warehouse and supplies and commissaries to cater and supply its stores and business partners.
FIGARO COFFEE GROUP, INC. 
