Philippines
Philippines’ Figaro Coffee Group income soars over 100% in 2022
Philippines’ Figaro Coffee Group income soars over 100% in 2022
Its net income stood at P198.2m ($3.26m).
Red Ribbon PH opens 38th bakeshop in the US
It is its fourth location in San Diego.
Jollibee's 85th North American location opens in Philadelphia
It is Jollibee's first store in Pennsylvania.
Philippines foodservice profit sector to grow by 17.5% through 2026
This could reach $20b from $9.2b in 2021.
Olive Garden opens in Philippines
Casual dining restaurant opened on 12 September.
Jollibee shows stronger performance in H1 22 despite closures in China
Reimposition of strict lockdown measures globally may pose risk.
Jollibee is best chain fried chicken in the US: food website
The Filipino fast food chain has over 1,500 restaurants globally.
Japanese restaurant Yoshinoya relaunches in the Philippines
This is the first Japanese food chain under the Jollibee Group.
Jollibee net income soars 186% in Q2 22
Its earnings reached P2.8b from P976m.
New Jollibee store to open in the ‘Bowtie’ at Times Square, New York
Times Square branch will also offer other menu favourites.
Shakey’s PIZZA net income soars 18-fold in H1
Its net income after tax stood at P250m.
Philippines’ Jollibee Group relaunches Japanese restaurant Yoshinoya
Yoshinoya currently has more than 2,000 locations across the globe.
Philippine brand BALAI net income soars to P9m in Q2
This is up from P2m in the same period last year.
As demand soars, some Philippine Jollibee, McDonald’s stores face chicken supply crunch
Some customers have taken to social media to complain about being unable to buy some signature items.
McDonald’s Philippines says two more stores will be solar-powered
It intends to convert more of its existing stores to use solar power energy.
Max’s Group Q1 earnings dip 88% amidst lockdown restrictions
The company expanded its reach and market by exploring other channels, such as cloud kitchens, retail outlets, and e-commerce platforms.
Jollibee’s profit spikes 1,400% in Q1 due to asset sale
System-wide sales, including those from franchised locations, rose 25.5%.
Commentary
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