Jollibee fourth quarter sales up 14.1 percent

February 16, 2017

Jollibee Foods Corp. said its fourth quarter system-wide sales grew 14.1 percent, the company said Thursday in a disclosure to the Philippine Stock Exchange.

System-wide sales measures all sales to consumers from company-owned and franchised stores. This surpassed third quarter sales of 12.4 percent.

Operating income for the period grew 62.7 percent to P1.533 billion and grew 20.4 percent to P6.5 billion for the whole year, the company said.

In 2016, Jollibee opened 340 stores, the highest in its history. In the Philippines alone, it opened 243 stores, 60 stores in China and seven in the US and 97 in Southeast Asia and theMiddle East.

“This was made possible by improving the return on investments in our stores and increasing our organization capability to build and open more stores, in better locations and with better quality than ever before—on a worldwide basis,” said Ernesto Tanmantiong, Jollibee’s chief executive officer. DMS