Jollibee Foods Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016
February 09, 2016 at 10:24 am EST
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Jollibee Foods Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported revenue of PHP 27,875 million, operating income(excluding extra-ordinary items) of PHP 2,073 million, operating income(after extra-ordinary items) of PHP 1,170 million, net income attributable to equity holders of parent of PHP 948 million or PHP 0.871 per diluted share against revenue of PHP 24,918 million, operating income(excluding extra-ordinary items) of PHP 1,715 million, operating income(after extra-ordinary items) of PHP 1,715 million, net income attributable to equity holders of parent of PHP 1,722 million or PHP 1.588 per diluted share a year ago. The sales increase was driven by 6%-7% same store sales growth on a worldwide basis, sustaining the healthy growth rate of the third quarter. Net sales were PHP 26,435.461 million against PHP 23,666.43 million a year ago. Income before income tax was PHP 1,394.208 million against PHP 2,136.13 million a year ago.
For the year, the company reported revenue of PHP 130,733 million, operating income(excluding extra-ordinary items) of PHP 6,432 million, operating income(after extra-ordinary items) of PHP 5,583 million, net income attributable to equity holders of parent of PHP 4,807 million or PHP 4.417 per diluted share against revenue of PHP 90,671 million, operating income(excluding extra-ordinary items) of PHP 6,137 million, operating income(after extra-ordinary items) of PHP 6,137 million, net income attributable to equity holders of parent of PHP 5,362 million or PHP 4.955 per diluted share a year ago. Net sales were PHP 95,810.69 million against PHP 86,209.78 million a year ago. Income before income tax was PHP 6,370.17 million against PHP 6,759.47 million a year ago. Net cash provided by operating activities were PHP 13,380.61 million against PHP 2,862.43 million a year ago. Acquisition of property, plant and equipment was PHP 4,565.84 million against PHP 5,045.47 million a year ago. Acquisition of intangible assets was PHP 99.98 million against PHP 318.74 million a year ago.
The company expects strong profit recovery in 2016 and in the years ahead.
Jollibee Foods Corporation is a Philippines-based company, which is involved primarily in the development, operation and franchising of quick service restaurants (QSRs) under the trade names Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Panda Express, Yoshinoya, and Milksha. Its segments include food service, franchising and leasing. The food service segment is involved in the operations of QSRs and the manufacture of food products to be sold to Company-owned and franchised QSR outlets. The franchising segment is involved in the franchising of the Company's QSR store concepts. The leasing segment leases store sites mainly to its independent franchisees. The Company has approximately 1,204 Jollibee stores nationwide, of which 768 were franchised and 436 were Company owned. In addition, outside the Philippines, it has approximately 378 stores.
Jollibee Foods Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016
JOLLIBEE FOODS CORPORATION 
