Jollibee Q2 profit hits record P3.4B

MANILA, Philippines — Jollibee Foods Corp. (JFC) posted a record P3.4 billion attributable net income in the second quarter as stronger sales and pricing measures helped the restaurant giant recover from cost pressures at the start of the year.

The fast-food giant said on Tuesday its net income attributable to equity holders of the parent company (NIAT) rose 5.7 percent year on year and surged 130.5 percent from the first quarter.

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This marked JFC’s highest quarterly NIAT on record. Earnings per share likewise increased 5.8 percent to P2.949.

The record profit came as consolidated revenues grew 10.7 percent year on year to P85.9 billion, while system-wide sales climbed 14.2 percent to P130.8 billion.

System-wide sales in the Philippines rose 5.7 percent, while the international business expanded by a faster 25.4 percent.

JFC said pricing and margin recovery initiatives introduced beginning in April helped offset elevated commodity, logistics and other supply chain-related costs.

JFC CEO Ernesto Tanmantiong said the results reflected resilient consumer demand across its markets and contributions from both its Philippine and international businesses.

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“The breadth of our growth reflects the relevance of our brands, the strength of our value offerings and the trust that customers continue to place in us,” Tanmantiong said.

JFC’s profitability, however, was weighed down by P239 million in transition-related costs from store closures and lease terminations as it shifted Yonghe King and Smashburger toward predominantly franchised business models.

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The group ended the period with 10,767 stores worldwide, up 6.4 percent. Its network consisted of 3,516 stores in the Philippines and 7,251 overseas.

For 2026, JFC maintained its system-wide sales growth target of 8 percent to 12 percent and store network growth guidance of 5 percent to 10 percent.

However, the group revised its same-store sales growth guidance to 3 percent to 4 percent and its gross new store opening target to 1,000 to 1,100 stores.

Capital expenditures are now expected at P13 billion to P15 billion, while operating income growth is projected at 10 percent to 15 percent. INQ