HOMEGROWN fast-food giant Jollibee Foods Corp. (JFC) said Friday that its net income breached the P10-billion mark last year as global systemwide sales (SWS) reached P390.3 billion, up 13 percent from 2023.
HOMEGROWN fast-food giant Jollibee Foods Corp. said Friday that its net income breached the P10-billion mark last year as global systemwide sales reached P390.3 billion, up 13 percent from 2023. In a disclosure, JFC reported a net income of P10.8 billion for 2024, up 20.1 percent from P8.99 billion in 2023.
1 percent, boosted by the Jollibee, Chowking and Mang Inasal brands, while international SWS grew by 17.6 percent. Compose Coffee contributed 7.9 percent to the international business' SWS growth, while China's SWS dipped by 8.3 percent as a soft macro environment dampened consumer spending. JFC said that SSSG for the domestic business was 7.5 percent while the international business grew by 2.8 percent. The Jollibee Group increased its footprint by 41.
Global Sales Lift Jollibee Profit To P10.8B
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