Restaurant chains, kiosks post strong profit growth

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Restaurant chains, kiosks post strong profit growth
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From food stalls to standalone restaurants, dining out is making a strong comeback in the post-pandemic period, boosting sales at some of the country’s biggest casual eatery chains. | miguelrcamusINQ /PDI

Fruitas Holdings, the country’s leading operator of mall-based food kiosks, is seeing a similar resurgence following the winding down of pandemic restrictions early this year. Its nine-month net income hit P43 million, reversing losses of P16 million in the same period last year.

The Po family-led Shakey’s Pizza Asia Ventures Inc. expects the coming Christmas holiday season to further boost sales. “The coming holiday festivities will give our topline the seasonal lift to exceed prepandemic levels this year,” Vicente Gregorio, company president and CEO, said in a statement.

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