Jollibee Q1 Profit Sinks 39%, Sending Shares to 5-Year Low

1 articles · Updated · Bloomberg · May 12

1.47 billion pesos in net income marked a 39% drop for Jollibee in the first quarter, pushing the Philippine fast-food operator’s shares to their lowest level in five years.
Surging costs drove the decline even as revenue rose 9% to 76.5 billion pesos, while operating income fell 18% to 3.95 billion pesos.
The weaker profitability prompted Jollibee to review its targets and spending plan, signaling pressure on margins despite continued top-line growth.
The results underscore how cost inflation is weighing on consumer-facing companies, with Jollibee’s earnings slump highlighting the strain on expansion and profit goals.

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