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Homegrown fast-food giant Jollibee Foods Corp. posted higher net earnings in the first half of 2024, boosted by growth in its Philippine and international operations.In a disclosure to the Philippine Stock Exchange on Wednesday, Jollibee Group reported a net income of P5.891 billion in January to June 2024, up 25.5% from P4.694 billion a year earlier. Jollibee Group’s system-wide sales stood at P186.6 billion, up 11.3% from P164.13 billion a year ago.Revenues totaled P128.52 billion, up 10.
3% from a year earlier.Meanwhile, second-quarter system-wide sales and revenues amounted to P95.8 billion and P85.5 billion, respectively.“The Jollibee Group’s momentum this year continues with excellent second quarter performance. Our revenue grew by 10.6%, led by the Philippine business, which increased by 11.1%, and the international business, which grew by 9.7%,” said Jollibee Group CEO Ernesto Tanmantiong.“System-wide sales of the Jollibee Philippine business grew by 11.
Jollibee Foods Corp. Net Income
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