Jollibee racks up record sales of P77.8B (2024)

FAQs

What is the sales of Jollibee? ›

According to Jollibee's latest financial reports the company's current revenue (TTM ) is $4.47 B. In 2022 the company made a revenue of $3.81 B an increase over the years 2021 revenue that were of $3.07 B. The revenue is the total amount of income that a company generates by the sale of goods or services.

2023 Philippines 50 Richest Net Worth

Tony Tan Caktiong is the founder and chairman of Jollibee Foods, one of the world's fastest-growing Asian restaurant chains. Jollibee operates eateries in the Philippines and overseas, from Singapore to the U.K. to the U.S.

Last quarter (Q3 2022), Jollibee Foods's total revenue was ₱55.45B, an increase of 49.05% from the same quarter last year. In Q3, Jollibee Foods's net income was ₱2.14B.

Revenues hit an all-time high of P2441 billion, while operating profit surged 45 percent to P14. 4 billion from P9. 94 billion in 2022. “Our full-year 2023 results reflect the strength of our execution and resiliency of our brands,” Tanmantiong said.

Future Growth

Jollibee Foods is forecast to grow earnings and revenue by 16.8% and 9.7% per annum respectively. EPS is expected to grow by 15.7% per annum.

Among the establishment's best sellers are the Yumburger, the house hamburger first introduced during their early days of operation; the Chickenjoy, a fried chicken meal, introduced in the 1980s, with regular and spicy versions; and Jolly Spaghetti, a sweet Filipino spaghetti that includes a beef sauce with pieces of ...

Success Stories of Filipino Franchises in the U.S.: 1. Jollibee: Jollibee is perhaps the most well-known Filipino franchise in the U.S., with a growing presence in key markets such as California, New York, and Texas.

Jollibee Foods Corporation (abbreviated as JFC and Jollibee Group; also known as Jollibee after its primary fast food brand) is a Filipino multinational company based in Pasig, Metro Manila, Philippines. JFC is the owner of the fast food brand Jollibee.

Market cap: $4.20 Billion

As of June 2024 Jollibee has a market cap of $4.20 Billion. This makes Jollibee the world's 2905th most valuable company by market cap according to our data.

Why is Jollibee so successful? ›

Firstly, Jollibee used marketing strategies to bring their mission and vision to life, adapting to trends and consumer behavior. Secondly, Jollibee focused on factors such as food quality, service quality, and cultural/social influence, which were found to have a significant impact on customer satisfaction.

How much does Jollibee franchise cost? Jollibee has the franchise total initial investment range of $450,000 to $800,000.

In 2021, the largest food service company in the Philippines was Jollibee ,with a market share of 29.7 percent. This was followed by McDonald's Corp with a market share of 9.4 percent.

Today, Jollibee has more than 500 stores in the Philippines and 25 in other countries, selling more than half a million burgers every day.

With an estimated 32,000 Jollibee employees serving 1.5 million customers daily, much more can be said of our efforts at professionalizing the company and elevating the state of the Philippine fast food industry.

Jollibee's target market is predominantly families with young children, but it has expanded its reach to millennials and young adults. The brand's marketing strategy is designed to appeal to the values and aspirations of its target market, emphasizing the importance of family, happiness, and togetherness.

Analysis. Jollibee Foods's total debt / total assets for fiscal years ending December 2019 to 2023 averaged 46.0%. Jollibee Foods's operated at median total debt / total assets of 45.8% from fiscal years ending December 2019 to 2023.

JFC's strong topline performance and robust gross profit margin of 18.3% (120 bps vs same period last year) produced a record operating income of Php4. 3 billion for the quarter and a 7.0% operating income margin. This represents a year-on-year increase of 42.8% and a margin improvement of 160 bps.