Jollibee Meals Corp. grew its internet revenue in 2024 by 17.7 % to P10.32 billion regardless of a weak China market. FILE PHOTO
MANILA, Philippines – Sturdy gross sales within the Philippines and its latest espresso acquisition lifted the earnings of Jollibee Meals Corp. in 2024 by 17.7 % to P10.32 billion regardless of a weak China market.
The homegrown fast-food big mentioned in a inventory change submitting on Friday that its revenues additionally grew by 10.6 % to P269.94 billion, buoyed by larger system-wide gross sales.
“We head into 2025 with full confidence in our potential to additional drive progress and ship worth to our shareholders,” Jollibee Group CEO Ernesto Tanmantiong mentioned of their disclosure.
READ: Jollibee buys Compose Espresso chain for $340M
System-wide gross sales climbed by 13 % to P390.28 billion, boosted by progress in each the home and worldwide markets.
The Philippine enterprise grew gross sales by 10.1 %, pushed by Jollibee, Chowking and Mang Inasal.
In the meantime, worldwide gross sales expanded by 17.6 %, led by EMEA (Europe, Center East and Africa) and North America, in addition to beverage manufacturers Espresso Bean and Tea Leaf and Highlands Espresso.
South Korea-based Compose Espresso likewise contributed 7.9 % to the worldwide system-wide gross sales progress, Jollibee mentioned.
Jollibee, recognized for its iconic Chickenjoy meals, goals to triple its income to over P26 billion by 2028 by additional rising its specialty beverage enterprise.
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