Max's Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 10:58 pm EST
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Max's Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was PHP 2,907.69 million compared to PHP 2,787.2 million a year ago. Net income was PHP 68.35 million compared to PHP 145.74 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to PHP 0.19 a year ago. Diluted earnings per share from continuing operations was PHP 0.09 compared to PHP 0.19 a year ago.
For the nine months, revenue was PHP 8,757.87 million compared to PHP 7,770.52 million a year ago. Net income was PHP 313.72 million compared to PHP 426.41 million a year ago. Basic earnings per share from continuing operations was PHP 0.4 compared to PHP 0.55 a year ago. Diluted earnings per share from continuing operations was PHP 0.4 compared to PHP 0.55 a year ago.
Maxâs Group, Inc. is a Philippines-based company, which is primarily engaged in the business of catering food and establishing, operating and maintaining restaurants, coffee shops, refreshments parlors and cocktail lounges. The Companyâs primary purpose also includes dealing in the business of acquiring and developing any and all trade names, brand names and master franchises, including other intellectual property rights necessary to commence and operate the relevant business enterprises, as well as to grant the use of such trade names, brand names and master franchises for and in consideration of the payment of fees and royalties, and in connection therewith, establish management services for the expansion of the business enterprises. The Company operates under the trade names Maxâs or Maxâs Restaurant, Pancake House, Yellow Cab, Krispy Kreme, Jamba Juice, Maxâs Corner Bakeshop, Dencioâs, Maxâs Kabisera, Teriyaki Boy, Singkit, Sizzlinâ Steak, Le Coeur de France, and Maple.
MAX'S GROUP, INC. 
