Shakey’s Pizza Asia Ventures Inc., which owns the pizza brand in the Philippines and some parts of the region, said its income in 2022 jumped sevenfold to P874 million from the previous year’s P122.98 million. Know more:
Shakey’s Pizza Asia Ventures Inc., which owns the pizza brand in the Philippines and some parts of the region, said its income in 2022 jumped sevenfold to P874 million from the previous year’s P122.98 million.
The company said its recovery was fueled by the resurgence in dine-in sales considering the reopening of the Philippine economy, the group’s store network expansion and the acquisition of kiosk-based food brand Potato Corner. Shakey’s gross margin expanded by 240 basis points to 25.6 percent despite an inflationary environment. Operating expenses as a percentage of sales contracted by 320 basis points and landed at 12.1 percent for the year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shakey’s net income breaches pre-pandemic levels in 2022Shakey’s Pizza Asia Ventures Inc. saw its bottom line breach pre-pandemic levels in 2022 as the company doubled its systemwide sales due to higher consumer spending.
Read more »
Eve: One of the most compelling K-dramas of 2022 (Music Video)Makukuha kaya ang kasiyahang hinahangad sa pamamagitan ng paghihiganti? Subaybayan ang kuwento ni La-el sa Korean melodrama series na Eve, Lunes hanggang Biyernes sa GMA Telebabad! Song: MAHAL PA RIN Artist: NORTHDRIVE Composer: MARLON SILVA Publisher: POLYEAST RECORDS CORP. Record Label: CURVE ENTERTAINMENT INC.
Read more »
Tippy Dos Santos emotional after passing 2022 Bar exams'FINALLY, AN ATTY.' ⚖️ LOOK: Tippy Dos Santos pens a letter of appreciation to everyone who supported her throughout her 'bar season' after passing the 2022 Bar examinations. | 📸: Dos Santos/Instagram READ:
Read more »
2022 Bar exam ace: ‘I just wanted to pass, honestly’MANILA, Philippines — Setting the objective, sticking to schedule, and studying with friends are what helped Czar Matthew Gerard Dayday to top the 2022 Bar examination. Dayday, of the
Read more »
After acing 2022 Bar exams, topnotcher believes reforming law education needed'I think that the focus on legal education shouldn’t really be on how to pass the Bar exam, but really on how you’ll be a great lawyer,' Matthew Dayday says. Bar2022 More in this in-depth piece:
Read more »
Revenge spending boosts Vista Land income in 2022 | VG CabuagVista Land and Lifescapes Inc., the property development arm of billionaire Manuel B. Villar Jr., said it is bullish on the real estate sector after it recorded a core net income of P7.7 billion, some 10 percent higher than the previous year’s P6.96 billion. The company said its consolidated revenue…
Read more »