Jollibee taps offshore market to fund growth
This year alone, JFC plans to spend P21 billion this year to open up to 800 stores, pushing its network beyond the 10,000-store mark.
(FILE PHOTO) Jollibee Foods Corporation which operates the largest fast food chain brand in the Philippines, saw a 16 percent growth in its net earnings, hitting P8.8 billion in 2023 even as gross revenues increased 15.2 percent, setting a new whopping record P244.1 billion from an all-time high of P343.32 billion in sales. Established in 1975, Jollibee today operates a network of over 1,700 stores in 17 countries.
Photograph courtesy of Jollibee
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