Jollibee Group's Q2 profit climb fueled by strong international surge

Jollibee Foods Corporation (JFC) posted solid second-quarter results with international sales growth outpacing local gains, underscoring the global expansion drive of the homegrown food giant.

From April to June 2025, JFC’s system-wide sales (SWS) reached a record P114.5 billion, up 19.6 percent year-on-year. While the Philippine business rose 11.3 percent, the company’s international operations delivered a 32.6 percent jump – nearly triple the local growth rate – propelled by the Coffee & Tea segment’s 68.8 percent surge.

“Our consolidated revenues rose by 15.5 percent, driving a 19.1 percent growth in operating income. This highlights the strength of our Coffee and Tea segment and sustained contributions of our Philippine business and Jollibee International,” said Jollibee Group CEO Ernesto Tanmantiong.

In the Philippines, same-store sales growth (SSSG) improved 6.4 percent, driven by Mang Inasal (+12.0%), Red Ribbon (+8.4%), Yoshinoya (+7.9%), Panda Express (+7.8%), and Jollibee (+7.0%). International SSSG increased 4.1 percent, led by North America Asian Brands (+7.8%) and EMEAA (+7.7%).

Coffee & Tea drives global momentum

The Coffee & Tea segment remained the company’s fastest-growing business unit. South Korea’s Compose Coffee – now accounting for more than half of the segment’s growth – is on track to surpass 3,000 stores this year and deliver a 36 percent Return on Invested Capital (ROIC) in 2025.

Jollibee Vietnam also stood out, posting a 35 percent SWS increase and securing the top spot in market share, revenue, and net income despite being third in store count. In the United States, Jollibee Chickenjoy earned the number one spot on USA Today’s 10Best Fast Food Fried Chicken list for the second straight year.

Improved profitability

Operating income climbed 19.1 percent to P6.0 billion, with margins improving by 30 basis points to 7.8 percent. Net income attributable to equity holders rose 5.6 percent to P3.2 billion, reversing the decline seen in the first quarter. Earnings per share increased 6.3 percent to P2.788.

Chief Financial and Risk Officer Richard Shin credited disciplined cost management and a shift toward franchising – now at 69 percent of total stores – for boosting efficiency and returns. 

“The expansion in operating margin and earnings underscores the effectiveness of our strategy. Our international business is now making a meaningful contribution to overall performance,” Shin said.

As of 30 June, JFC operated 10,119 stores worldwide, up 45.5 percent from last year, with 3,424 in the Philippines and 6,695 overseas.