FILIPINO fast food chain operator Jollibee Foods Corp. (JFC) said that they gained some 13.6% growth from their bottom line for July to September.
In a statement, the company said that they were to record a high operating income for the third straight quarter.
JFC noted that the net income that can be attributed to the equity holders climbed up to P2.434 billion from P2.142 billion.
They said that the systemwide sales grew 11.8% to P86.963 billion, while the revenues increased by 11.0% to P61.531 billion.
“Both our Philippine and international businesses achieved strong operating profit growth reflecting the strength and resilience of our brands in an environment that remains volatile and challenging,” JFC chief executive officer Ernesto Tanmantiong said.
JFC said that they posted a 16.5% increase in systemwide sales, as well as a 13.0% in same-store sales growth.
International business also grew by 5.4% increase in systemwide sales, and 2.6% in same-store sales.
“While the external environment has not improved, we remain confident in our ability to deliver sustainable growth as we continue to focus on what we can control, invest in line with long-term strategy, prudently manage our expenses, and drive efficiencies in our organization,” JFC chief financial officer Richard Shin said.