Jollibee sees 2024 as another banner year

Asian food conglomerate Jollibee Foods Corp. (JFC) sees 2024 as another banner year for the company and looks forward to a stronger growth by next year.

- - Richmond Mercurio

"We expect this year to be another one of the best years for JFC because most of our brands are doing quite well in different markets," Jollibee Group CEO Ernesto Tanmantiong said.

"Next year, we expect to grow as good as this year or even better," he said.

JFC's net income attributable to equity holder of the parent company from January to September surged by 24.1 percent year-on-year to P8.47 billion, driven by higher system-wide sales and contributions of a recently acquired South Korean value coffee brand.

Its system-wide sales for the period rose by 12 percent to P281 billion as the group's store network expanded by 42.8 percent year-on-year to 9,598.