Jollibee posts operating income of P3.6b in Q1, opens 111 new stores

Jollibee posts operating income of P3.6b in Q1, opens 111 new stores



THE Jollibee Group continued to deliver strong business results in the first quarter this year, with an operating income of P3.6 billion and store-wide sale of P78.6 billion, equivalent to an increase of 80.9 percent and 31.1 percent versus the previous year, respectively. The Jollibee Group also opened 111 stores in the first quarter, on target for its full-year guidance of 550-600 stores for 2023. The group also announced that through its Jollibee Group Foundation’s Farmer Entrepreneurship Program (FEP), it has enabled over 700 smallholder farmers to directly deliver their produce to the Jollibee Group. A total of 834,000 kilos of vegetables were delivered by FEP farmer groups in 2022, an addition to the over nine million kilos of produce delivered since the program began in 2009. (PR)

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