Shakey’s expects stronger second half as inflation begins to stabilize

Defining the News

Restaurant operator Shakeys Pizza Asia Ventures Inc. said Thursday it expects to sustain its double-digit growth this year as consumer spending will likely recover in the second half.

“We see the improving sales will be able to offset and provide us the coverage for fixed costs and therefore margin base is expected to improve,” he said.Shakey’s saw its net income decline 15 percent in the first quarter to P171.5 million from P200.8 million in the same period last year, on higher operating expenses due to investments in the organization and sales-generating activities.

Bulk of the new stores will be under Potato Corner stores, which require smaller investments and offer franchising opportunities for entrepreneurs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

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.

SEC files criminal complaints vs. four companiesDefining the News
Read more »

Petron posts 16% profit growth, expects higher salesDefining the News
Read more »

Ayala Land, unit Westview sell 98m AREIT shares for P3.2bDefining the News
Read more »

United Airlines bares plan to mount more flights to PHDefining the News
Read more »

UN rolls out mobile health facilities in SamarDefining the News
Read more »

DTI eyes PH as leader in‘green metals’Defining the News
Read more »