Shakey’s Pizza Asia Ventures (PSE:PIZZA | SPAVI) recorded 12 percent year-on-year growth in system-wide sales to ₱13.0 billion for the first half of 2026, with consolidated revenues up 9 percent to ₱8.2 billion. Performance faced pressure from inflation and reduced consumer spending, with second-quarter same-store sales dipping one percent year-on-year though rising 4 percent sequentially.
The group opened 104 net new stores in the first half, including Shakey’s Iloilo and Potato Corner’s 15th Taiwan outlet, ending with 3,074 locations worldwide. Profitability softened: gross margin fell 1 point to 20.1 percent, and headline net income dropped 33 percent to ₱232 million including restructuring costs; core net income fell 26 percent. Core EBITDA grew one percent and free cash flow stood at ₱257 million.
President and CEO Vic Gregorio said expansion is proceeding at a measured pace while restructuring less resilient brands to strengthen long-term performance. The firm received the Empowerment of Persons with Disabilities Award on August 3 for its Love ‘Em Down inclusive employment programme, which currently supports 38 participants. Gregorio noted operational improvements are underway, with steps taken to navigate volatility and position the group for better results in 2027.
