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Jollibee Q1 earnings fall 8.1% to P2.41B
May 14, 2025
|Business World Philippines
JOLLIBEE FOODS Corp. (JFC) reported an 8.1% decline in first-quarter (Q1) net income to P2.41 billion, down from P2.62 billion last year, due to higher non-operational costs.
"On a quarter-on-quarter basis, both operating income and net income after tax (NIAT) increased by double digits. While NIAT was slightly lower year-over-year, this was primarily due to non-operational factors," JFC Chief Financial and Risk Officer Richard Shin said in a statement to the stock exchange on Tuesday.
Systemwide sales (SWS) increased by 18.9% to P103.2 billion, driven by 5.5% same-store sales growth (SSSG) from higher volume and contributions from new stores. Operating income rose by 17.6% to P4.8 billion.
Jollibee Group Chief Executive Officer Ernesto Tanmantiong said that the SWS of the domestic and international businesses grew by 11.9% and 29.5%, respectively.
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