Q3 2025 Jollibee Foods Corp Earnings Call Transcript
Key Points
- Jollibee Foods Corp (JBFCF) reported a strong international performance with a 20% system-wide sales growth and a 12% same-store sales growth, driven by robust growth in markets like North America and EMEA.
- The company opened its first franchise Jollibee store in the US, marking a significant step in its North American expansion strategy.
- Jollibee Foods Corp (JBFCF) achieved a two-year CAGR of over 20%, demonstrating consistent growth over the past few years.
- The company has successfully launched a loyalty program, which has already signed up 850,000 new members, contributing to increased average check sizes and customer frequency.
- Jollibee Foods Corp (JBFCF) is seeing strong performance in Vietnam, with the market leading in revenue, average daily sales, and profitability, supported by a 100% local consumer base.
- The company experienced a 1.2% same-store sales growth in Q3, attributed to temporary impacts such as 14 typhoons affecting the Philippines, which is a significant market for Jollibee Foods Corp (JBFCF).
- Gross margin compression was noted due to rising inventory costs, particularly in chicken and beef, impacting profitability.
- Chowking, one of Jollibee Foods Corp (JBFCF)'s brands, reported a negative 2.7% same-store sales growth in Q3, a decline from previous quarters.
- The company is facing challenges in China with a drop in contribution from new stores, affecting system-wide sales growth.
- Interest expenses remain high, accounting for about 25% of profit before tax, highlighting the need for better debt management strategies.
With us again this afternoon to discuss Jollibee's third-quarter results is Mr. Richard Shin. He is the CFO of the Jollibee Group, who is also, as some of you might know, concurrently CEO of the International operations of the company. As has been the case, previously, Richard will begin with a presentation, after which we will open the floor to Q&A.
I won't hold this up any longer, so we will have more time for questions. So let me pass it on to Cossette who has some reminders.
Yeah, thank you, Gio. Thank you, Regis Partners and Jefferies for hosting our earnings call. Okay, so good afternoon, everyone, and welcome to the Jollibee Group's earnings call for the third quarter of 2025.
Before Mr. Shin starts his presentation, let me quickly read the reminder on forward-looking statements. So this earnings call may include forward-looking statements that are based on certain assumptions of management and are
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