THE Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, proudly unveiled its financial results for its fiscal third quarter, ending March 2024.
THE Figaro Coffee Group , a leader in the Philippine food and beverage sector, proudly unveiled its financial results for its fiscal third quarter, ending March 2024.FCG reported revenues of P1.3 billion, up by 27 percent from the same quarter last year. The net income after tax for the quarter registered at P105 million, a 5-percent increase from the same period last year.
Store growth was propelled by the strategic opening of 67 new stores in 2023. Within the 67 newly opened, 55 stores were opened in Luzon, nine in Visayas and three in Mindanao. Additionally, the company witnessed a 6-percent growth in same store sales in 2023 compared to 2022. Tien Ma's Taiwanese and Figaro Coffee also experienced an increase in same store sales, fueled by improvement in dine-in traffic throughout the year.
Growth Characterizes Figaro Coffee Group's 2023 Performance
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Strong growth characterizes Figaro Coffee Group’s performance in 2023Manila, Philippines – The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, proudly unveiled its financial results for its fiscal third quarter ending March 2024. For the quarter ending March 2024, FCG reported revenues of PHP 1.3 billion, up 27% from same quarter last year.
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