Jollibee Foods Corp., one of the largest restaurant networks in Southeast Asia, started the year with strong sales momentum across its global operations. However, rising commodity prices and supply chain costs continued to pressure profitability during the first quarter.
The fast-food giant said geopolitical tensions and inflationary pressures have increased near-term cost volatility, prompting management to review the pace of store openings, capital spending plans, and profitability expectations for the rest of the year. The company said it is implementing selective price increases, productivity initiatives, and tighter cost controls to protect margins while sustaining long-term growth.
Despite the challenging environment, Jollibee posted a 10 percent increase in systemwide sales to P113.9 billion in the first three months of 2026, driven by strong demand across both Philippine and international markets. Consolidated revenues climbed 9 percent to P76.5 billion.
The company’s flagship Jollibee brand remained its biggest growth engine, posting 11 percent global sales growth and nearly 10 percent growth in operating income. In the Philippines, strong performances from Mang Inasal and Jollibee fueled an 8 percent increase in sales, while international operations expanded 14 percent, led by Compose Coffee, Highlands Coffee, Tim Ho Wan, and Jollibee North America.
Jollibee also accelerated global expansion, opening 181 stores during the quarter, including 149 overseas locations. Its total global store network reached 10,421 outlets.
Still, profitability weakened as direct costs rose 12 percent amid higher commodity and logistics expenses. Operating income declined 18 percent to P3.9 billion, while net income attributable to shareholders fell 39 percent to P1.5 billion.
The group continued repositioning parts of its international portfolio, including strategic store conversions at Smashburger and expanding its franchise-led China business.
Jollibee recently completed the acquisition of South Korea’s Shabu All Day chain, further strengthening its overseas growth platform.
