, Philippines
/Shakey's Website

Shakey’s PIZZA net income soars 18-fold in H1

Its net income after tax stood at P250m.

Shakey’s Pizza Asia Ventures, Inc. (PIZZA) reported its net income after tax grew 18-fold to P250m in the first half of the year, up from only P14m in 2021. 

The fast casual restaurant chain linked this to the “strong” economic reopening of the Philippines that allowed the resurgence of dine-in sales during the period.

Over the first half, PIZZA noted it saw a systemwide sales growth of 77% to P5.8b, which exceeded its pre-pandemic level. Same-store sales also climbed by 23% year-on-year over the same period. 

“At the height of the pandemic, we made the strategic decision to continuously invest in the expansion of our store network and our portfolio with this reopening in mind,” Vicente Gregorio, President and CEO of PIZZA, said.

“Above all, we deliberately invested in brand-building and delivered more value for our guests. Fast forward to 2022, we are very pleased to see these investments begin to pay off.”

During the second quarter, the systemwide sales more than doubled to P3.6b, whilst the same-store sales went up by 41%. 

“Despite headwinds, we have a strong underlying business momentum and mitigating plans in place, coming from the lessons learned during the pandemic,” Gregorio said.

“With Potato Corner fully onboard, synergies in our ecosystem, structural changes implemented, and the continuous pursuit for new sources of efficiencies, we have a full armada that will bring our 2022 bottomline close to pre-pandemic levels. PIZZA is going full steam ahead.”

Follow the link for more news on

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Yum Brands is leading QSR operator in Malaysia: report
 But the full service sector is still the largest foodservice sector in the market.   Yum Brands Inc, which manages KFC, was the leading QSR  operator last year, with more than 700 outlets, GlobalData said in its report.
KFC’s Mac ‘N Cheese bowl returns to Singapore
It is available starting 3 October 2022.   Singaporeans are in for a cheesy treat as their favourite Mac ‘N Cheese bowl is set to return to KFC stores for a limited time.   The fan favourite, which has macaroni with popcorn chicken, is available on 3 October.   An  À la carte Mac ‘N Cheese Bowl costs $4.95 whilst the Mac ‘N Cheese Bowl Buddy Meal is worth $16.95.  


2021: Year In Review
We look back at the highs and lows of the Asian multi-site restaurant industries these past twelve months.
Subway APAC president: regional growth can match U.S. foothold
In his first-ever interview with QSR Media, Eric Foo details the chain’s expansion targets and stressed their ongoing investment in digital engagement.
How EFG is rethinking its brand portfolio to turbocharge post-COVID growth
Managing director Martin Darby elaborates on the company’s omnichannel strategy and reveals key advantages of handling brands from various franchisors.