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Shakey's expects income to recover in 2nd half
The Philippine Star
|August 18, 2024
Shakey’s Pizza Asia Ventures Inc. (SPAVI) expects income to recover in the second half after dropping by 14 percent to P421 million from January to June.
SPAVI saw systemwide sales accelerate by 14 percent to P10.1 billion in the first half, driven by new stores and sustained growth in same store sales.
The company opened 210 new units during the sixmonth period, boosting its network to 2,351 stores and outlets as of end-June.
Approximately 13 percent of SPAVI’s network consists of international units.
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