Jollibee Foods Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 11, 2024 at 10:04 pm EST
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Jollibee Foods Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was PHP 63,794.07 million compared to PHP 58,650.59 million a year ago. Revenue was PHP 67,728 million compared to PHP 61,531.43 million a year ago. Net income was PHP 2,808.06 million compared to PHP 2,434.41 million a year ago. Basic earnings per share from continuing operations was PHP 2.412 compared to PHP 2.081 a year ago. Diluted earnings per share from continuing operations was PHP 2.408 compared to PHP 2.078 a year ago.
For the nine months, sales was PHP 185,966.98 million compared to PHP 169,157.5 million a year ago. Revenue was PHP 196,247.8 million compared to PHP 177,409.97 million a year ago. Net income was PHP 8,466.21 million compared to PHP 6,822.67 million a year ago. Basic earnings per share from continuing operations was PHP 7.278 compared to PHP 5.815 a year ago. Diluted earnings per share from continuing operations was PHP 7.265 compared to PHP 5.804 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, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Panda Express, Yoshinoya, Milksha and Common Man Coffee Roasters. Its segments include food service, franchising, and support services. 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 support services segment provides services to the Companyâs independent franchisees like repairs and maintenance of store equipment, staffing, helpdesk services, and other business activities in support of the QSR systems.
JOLLIBEE FOODS CORPORATION 
