Jollibee Foods Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022 at 08:14 pm
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Jollibee Foods Corporation reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 40,795.84 million compared to PHP 33,217.33 million a year ago. Revenue was PHP 42,856.88 million compared to PHP 34,680.63 million a year ago. Net income was PHP 2,308.53 million compared to PHP 152.65 million a year ago. Basic earnings per share from continuing operations was PHP 1.982 compared to PHP 0.139 a year ago. Diluted earnings per share from continuing operations was PHP 1.975 compared to PHP 0.138 a year ago.
Jollibee Foods Corporation is a Philippines-based company, which is involved primarily in the development, operation and franchising of quick service restaurants (QSRs) under the trade names Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Panda Express, Yoshinoya, and Milksha. Its segments include food service, franchising and leasing. The food service segment is involved in the operations of QSRs and the manufacture of food products to be sold to Company-owned and franchised QSR outlets. The franchising segment is involved in the franchising of the Company's QSR store concepts. The leasing segment leases store sites mainly to its independent franchisees. The Company has approximately 1,204 Jollibee stores nationwide, of which 768 were franchised and 436 were Company owned. In addition, outside the Philippines, it has approximately 378 stores.
JOLLIBEE FOODS CORPORATION 
