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Tag: Highlands Coffee

  • Jollibee profit soars as Filipinos order more

    Jollibee profit soars as Filipinos order more

    Jollibee Foods has reported  13.8 per cent global sales growth in its nine-month net profit as sales soared to P4.39 billion (US$88.2 million).

    Most of the Jollibee profit growth came from the domestic market where sales rose 16 per cent year-on-year, with the expanding offshore business returning 6.4 per cent growth.

    During the third quarter, net profit rose 6.1 per cent to P1.33 billion.

    “Sales of our businesses continued to be strong. We expect to end the year 2016 with the highest system-wide sales growth in five years and the highest organic growth in at least a decade driven by strong same store sales growth and the highest store network expansion,” said Jollibee CEO Ernesto Tanmantiong in an earnings statement.

    Jollibee, Asia’s largest food company, grew systemwide sales in the third quarter by 12.4 per cent to P36.32 billion, taking nine-month sales to P107.76 billion or 14.1 per cent higher.

    On a global basis, sales from the same-store network grew by 6 per cent year-on-year while new stores contributed a growth of 6.4 per cent.

    Tanmantiong said the company was encouraged by improvements in China, which helped its international business return to growth.

    “We look forward to continued recovery of our China business in the months ahead with the introduction of new products. Our plans for 2017 and the years ahead call for continued strong same store sales growth and store network expansion in the Philippines and abroad with the aim of surpassing our historical performance,” he said.

    JFC opened 201 new stores between January and September – 133 in the Philippines and 68 abroad. That’s a higher number than for the whole of 2015, when 186 opened.

    Jollibee’s CFO Ysmael Baysa said gross profit margins on the company’s products improved in the third quarter as raw material prices stabilised.

    At the end of September Jollibee had 3221 stores worldwide, 2547 of them in the Philippines. It also has a stake in Highlands Coffee in Vietnam and the Philippines, Pho 24 in Vietnam, Indonesia, Cambodia, Korea and Australia, Hotpot in China Smashburger in the US.

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  • Jollibee Foods counts down to 1000

    Jollibee Foods counts down to 1000

    Jollibee Foods (JFC) has opened the 991st branch of its flagship brand Jollibee in the Philippines, in the Ma-a area of Davao.

    It marks the start of its countdown to its 1000th store, to be unveiled in the first quarter of next year. Its expansion is spread around Cebu, Luzon and Metro Manila “so all the regions will be well represented”, says Jollibee corporate PR and events manager Dennis Reyes.

    “The 1000th store is symbolic, but we cannot divulge yet the exact location,” he says.

    The company opened its first branch in Cubao, Quezon City, and its latest story is the 26th in Davao and 115th in Mindanao.

    Reyes says the countdown campaign is part of Jollibee’s way of thanking its patrons, celebrating its continued expansion as well as the contribution to the local economy with an average of 70 jobs created for every new branch.

    JFC is investing P10.4 billion (US$214.8 million) for capital expenditure this year, with P7.5 billion set for the opening of 200 outlets as well renovations.

    For its latest six months, JFC netted P3.06 billion, or 13.4 per cent more than the same period last year, following a 14.9 per cent increase in system-wide retail sales to P71.45 billion.

    At the end of June, the company had 2528 restaurant outlets in the Philippines under the brands Burger King (62), Chowking (457), Greenwich (237), Jollibee (939), Mang Inasal (455) and Red Ribbon (378).

    JFC also has a 50 per cent interest in 12 Hotpot, Highlands Coffee and Pho 24 (Vietnam), plus a 40 per cent interest in Smashburger (US).

    Outside the Philippines, Jollibee has 80 stores including Vietnam (32) and Hong Kong (1).

  • Jollibee Hanoi makes it five

    Jollibee Hanoi makes it five

    Jollibee Hanoi has opened its fifth outlet, taking its Vietnam store count to 81.

    “The outlet in To Hieu St in Cau Giay district is a key, strategic location for us to serve customers,” Tran Ngoc Hoai Thuong, PR manager at Jollibee Vietnam, said in an interview.

    jollibee

    Earlier, Jollibee Vietnam announced plans to add 20 outlets in the country every year, and that it would seek partners for further expansion through franchising.

    Jollibee Foods Corp (JFC), Jollibee’s parent company, has reported that its system-wide sales grew by 15.1 per cent in the second quarter compared to sales for the same period of 2015.

    As of June 30, JFC has a 50 per cent  interest in joint ventures with Highlands Coffee (Vietnam, Philippines), Pho 24 (Vietnam, Indonesia, Cambodia, Korea and Australia) and 12 Hotpot (China). It also has a 40 per cent interest in Smashburger that has 366 outlets, mostly in the US.

    JFC was operating 2528 restaurant outlets in the Philippines and more than 600 abroad, according to its latest financial report.

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