JOLLIBEE Foods Corp. (JFC) recorded P2.14 billion in attributable net income for the third quarter, up by 36.3% from P1.57 billion a year ago, after booking record sales, revenues, and operating income.
In a press release on Wednesday, the company said three-month system-wide sales, which come from company-owned or franchised stores, rose by 51.3% to P77.75 billion from P51.39 billion a year ago.Global same-store sales were up by 30.9%, while expansions and the acquisition of Milksha contributed 13.8%.
JFC registered higher same-store growth in Europe, the Middle East, Africa, Asia, and North America, while recording a 4.6% decline in China. In another disclosure, JFC announced that its subsidiary terminated its master franchise agreement for Dunkin’ Donuts which covers mainland China, Hong Kong, and Macau.
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