Shakey's Pizza Asia Ventures, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:04 am EST
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Shakey's Pizza Asia Ventures, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 2,596.34 million compared to PHP 1,147.57 million a year ago. Revenue was PHP 2,693.17 million compared to PHP 1,202.64 million a year ago. Net income was PHP 204.24 million compared to net loss of PHP 49.28 million a year ago. Basic earnings per share from continuing operations was PHP 0.12 compared to basic loss per share from continuing operations of PHP 0.03 a year ago. Diluted earnings per share from continuing operations was PHP 0.12 compared to diluted loss per share from continuing operations of PHP 0.03 a year ago.
For the nine months, sales was PHP 6,501.04 million compared to PHP 3,582.1 million a year ago. Revenue was PHP 6,773.03 million compared to PHP 3,753.42 million a year ago. Net income was PHP 454.36 million compared to net loss of PHP 35.27 million a year ago. Basic earnings per share from continuing operations was PHP 0.27 compared to basic loss per share from continuing operations of PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.27 compared to diluted loss per share from continuing operations of PHP 0.02 a year ago.
Shakey's Pizza Asia Ventures Inc. is a Philippines-based company, which is engaged in chained pizza full-service restaurant, chained full-service restaurant, and chained kiosks. The Companyâs segments include Restaurant Sales and Franchise and Royalty Fee. The Restaurant sales segment is engaged in restaurant activities and sale of merchandise and equipment to franchisees. The Franchise and royalty fees segment represent payment of sub dealers for the use of the Shakeyâs, Peri-Periâs and Potato Corner brands. The Company operates over 300 stores. Its brands include Shakey's Pizza Parlor, Peri-Peri Chicken Charcoal Chicken and Sauce Bar, Potato Corner, Project Pie, R&B Team, and Bakemaster Inc. Shakey's Pizza Parlor owns and operates Company-owned stores as well as franchise the brand, enabling Company to branch out to second- and third-tier cities. Potato Corner is a kiosk-based food brand. Bakemaster Inc. supplies airline caterers, hotels, restaurants, and sandwich chains.
SHAKEY'S PIZZA ASIA VENTURES, INC. 
