Shakey’s Pizza Asia Ventures, Inc. subsidiary Potato Corner (PC), a global leader in flavored fries from the Philippines, marked its expansion to Taiwan with the opening of its first Taipei store last month. Since its acquisition in 2022, PC has scaled its presence in key international markets,...
Shakey’s Pizza Asia Ventures, Inc., one of the leading chain restaurants and food groups in the Philippines, still expects to post double-digit sales and core profit growth this year despite reporting a lower net income and flattish core earnings for the first half. In a disclosure to the...
Po family-led restaurant group Shakey’s Pizza Ventures Inc. (SPAVI) is expanding its Potato Corner kiosk business to Taiwan and Laos, tapping into the more substantial growth potential in the overseas market, particularly in Asia. “These are two exciting markets that we believe would have some...
SPAVI President Vicente Gregorio Po family-led restaurant group Shakey’s Pizza Asia Ventures Inc. (SPAVI) expects to allot at least ₱1 billion for capital expenditures (capex) this year, as it aims to open an average of one store a day and beef up its presence in Visayas and Mindanao. In...
Po family-led restaurant group Shakey’s Pizza Ventures Inc. (SPAVI) aims to continue expanding, particularly outside of Luzon, even as the industry is still in the process of recovering from the impact of the pandemic on consumer preferences. According to SPAVI President Vicente Gregorio, they...
Restaurant and food service group Shakey’s Pizza Asia Ventures, Inc. (SPAVI) reported a decline in net income to P250 million in the third quarter of 2024, from P256.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the company stated that this...
Po family-controlled chain restaurant and food service group Shakey’s Pizza Asia Ventures, Inc. (SPAVI) dropped 13.9 percent to P421 million in the first half of 2024 from the P489 million generated in the same period last year as costs surged. Amid a soft consumer environment, the Group said it...
Shakey’s Pizza Asia Ventures Inc., the Po family’s holding company for its restaurant businesses, still expects to grow its revenues and net income by “mid-teens” despite challenges posed by the higher interest and high inflation environment. Shakey’s President Vicente Gregorio During the...
Chain restaurant and food service firm Shakey’s Pizza Asia Ventures, Inc. (SPAVI) reported a 15 percent drop in net income year-on-year to P171 million due to driven by higher operating expenses due to investments in the organization and in sales generating activities. In a disclosure to...
Shakey’s Pizza Asia Ventures Inc. (SPAVI), one of the country’s leading food service groups, reported a 23 percent improvement in net income to P1.08 billion last year from the P874 million posted in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said that despite the...
The Po family’s Century Pacific Group reported that two of its subsidiaries, Century Pacific Food Inc. (CNPF) and Shakey’s Pizza Asia Ventures Inc. (PIZZA) have been recognized by the Institute of Corporate Directors (ICD) at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards...
Peri-Peri Charcoal Chicken and Sauce Bar (Peri-Peri), a brand owned by Shakey’s Pizza Asia Ventures Inc. (PIZZA), is scaling up its expansion program further in 2023 after ramping up store openings last year, particularly in the second half of 2022. In a disclosure to the Philippine Stock...
