The Philippine Stock Exchange has approved the voluntary trading suspension of Jollibee Foods Corporation’s Series A Preferred Shares after the firm decided to redeem these securities earlier. In a disclosure to the PSE, Jollibee said its Board of Directors decided on Sept. 13, 2024, to...
Jollibee Foods Corporation, one of the largest Asian food service companies, is expanding its majority-owned Milksha bubble tea brand in the United States by opening it to franchising in three more states. In a disclosure to the Philippine Stock Exchange, Jollibee said its subsidiaries Milkshop...
Jollibee Foods Corporation, one of the largest Asian food service companies, is expecting to post higher operating income growth this year after posting a 28.9 percent profit growth and deciding to reduce its expansion pace and capital expenditure budget. In a disclosure to the Philippine Stock...
SM Investments Corporation said its subsidiary SM Retail’s The SM Store and The Coffee Bean and Tea Leaf (CBTL) are embarking on an ambitious plan to complete the rollout of in-store cafes across all 78 branches of SM Store by 2026. In a statement, SM said this strategic expansion aims to...
Jollibee Foods Corporation (JFC), one of the largest food service companies in the world, is reducing its 2024 capital expenditure budget by 20 percent and has withdrawn its application to offer and list up to eight million preferred shares worth P8 billion. In a disclosure to the Philippine Stock...
Jollibee Foods Corporation is re-evaluating its planned P8 billion preferred share offering to downsize it or opt for more flexible bank loans in light of its stronger cash flow and the expected interest rate cuts in the coming months. In an interview, Jollibee Chief Finance Officer Richard Shin...
Jollibee Foods Corporation, one of the largest Asian food service companies, is not planning to bring recently-acquired Compose Coffee to the Philippines over the next five years as it will be focusing on growing the brand’s market share in South Korea. In an interview, Jollibee Chief Finance...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, continues to perk up its coffee business with the planned acquisition of a majority stake in “most loved South Korean value coffee brand” Compose Coffee Co. Ltd. for $340 million. In a disclosure to the...
Jollibee Foods Corporation, one of the largest Asian food service companies, is banking on franchisees to ramp up its global expansion into new areas, aiming to triple its net income in five years. During the firm’s annual stockholders’ meeting, Jollibee President and CEO Ernesto Tanmantiong...
Jollibee Foods Corporation continues its aggressive growth plan for North America by opening the first Jollibee branch in Seattle, Washington. In a statement, Jollibee said its new branch joins its two existing Washington State locations: Tacoma, which opened in October 2023, and Tukwila, which is...
Jollibee Foods Corporation, one of the largest Asian food service companies, will continue to slowly expand its presence in China, targeting 100 new stores to augment its existing 560 stores despite prevailing challenges that has led to lower same-store sales growth. Jollibee Group Chief Financial...
Jollibee Foods Corporation, one of the largest Asian food service companies, reported a 26.9 percent growth in attributable consolidated net income to P2.62 billion in the first quarter of 2024 from the P2.06 billion earned in the same period last year (SPLY). Jollibee Group President and CEO...
