Jollibee Foods Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 07:55 pm EDT
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Jollibee Foods Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 57,927.38 million compared to PHP 49,230.32 million a year ago. Revenue was PHP 60,787.27 million compared to PHP 52,051.48 million a year ago. Net income was PHP 2,325.19 million compared to PHP 2,788.17 million a year ago. Basic earnings per share from continuing operations was PHP 1.984 compared to PHP 2.31 a year ago. Diluted earnings per share from continuing operations was PHP 1.981 compared to PHP 2.304 a year ago.
For the six months, sales was PHP 110,506.91 million compared to PHP 90,026.16 million a year ago. Revenue was PHP 115,878.54 million compared to PHP 94,908.37 million a year ago. Net income was PHP 4,388.25 million compared to PHP 5,096.69 million a year ago. Basic earnings per share from continuing operations was PHP 3.733 compared to PHP 4.292 a year ago. Diluted earnings per share from continuing operations was PHP 3.727 compared to PHP 4.281 a year ago.
Jollibee Foods Corporation is a Philippines-based company, which is involved primarily in the development, operation and franchising of quick service restaurants (QSRs) under the trade names Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Panda Express, Yoshinoya, and Milksha. Its segments include food service, franchising and leasing. The food service segment is involved in the operations of QSRs and the manufacture of food products to be sold to Company-owned and franchised QSR outlets. The franchising segment is involved in the franchising of the Company's QSR store concepts. The leasing segment leases store sites mainly to its independent franchisees. The Company has approximately 1,204 Jollibee stores nationwide, of which 768 were franchised and 436 were Company owned. In addition, outside the Philippines, it has approximately 378 stores.
JOLLIBEE FOODS CORPORATION 
