The Jollibee Group reported steady growth as it positions its international operations for an upcoming spin-off and overseas listing.
The country’s largest fast-food chain said system-wide sales and same-store sales trends remain solid in the fourth quarter, supported by seasonal demand and ongoing execution initiatives, reflecting resilience across both domestic and international markets. It didn’t provide actual numbers.
The listed food company said domestic operations, anchored by Jollibee, Chowking, and Mang Inasal, continued to show stable performance, driven by strong brand relevance and consumer engagement.
In Vietnam, the group’s largest overseas market by store count, system-wide and same-store sales maintained high double-digit growth, outperforming peers and underscoring the brand’s market strength. Meanwhile, the Tim Ho Wan brand has emerged as a strategic international growth engine, with operations in Hong Kong returning to profitability and early U.S. store openings showing encouraging customer response.
The update follows Jollibee’s announcement of plans to spin off its international business for separate listing overseas, a strategic move that could unlock shareholder value while allowing the domestic and global businesses to pursue tailored growth strategies.
Richard Shin, Jollibee Group Chief Financial and Risk Officer, highlighted that network expansion continues to be supported by franchise engagement and an asset-light growth strategy. He noted the recent opening of the Danao Commissary in Cebu enhances supply chain capabilities in the Visayas and Mindanao, supporting provincial expansion goals. Shin added that cost management and margin initiatives remain priorities.
The consistent double-digit expansion in system-wide sales, revenues, EBITDA, and operating profit over the past four years demonstrates the disciplined execution of Jollibee and validates the scalability of both its domestic and international operations.
The group also continues to monitor external risks, including macroeconomic trends, foreign exchange fluctuations, and input cost volatility, though no material developments have emerged beyond previously disclosed factors.
With solid performance across key markets, an expanding store network, and strengthened operational infrastructure, the Jollibee Group appears well-positioned to pursue its spin-off strategy while sustaining momentum in both domestic and international growth.
