Shakey's Pizza Asia Ventures, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023

Shakey's Pizza Asia Ventures Inc. is a Philippines-based company, which is engaged in chained pizza full-service restaurant, chained full-service restaurant, and chained kiosks. The Company’s segments include Restaurant Sales and Franchise and Royalty Fee. The Restaurant sales segment is engaged in restaurant activities and sale of merchandise and equipment to franchisees. The Franchise and royalty fees segment represent payment of sub dealers for the use of the Shakey’s, Peri-Peri’s and Potato Corner brands. The Company operates over 300 stores. Its brands include Shakey's Pizza Parlor, Peri-Peri Chicken Charcoal Chicken and Sauce Bar, Potato Corner, Project Pie, R&B Team, and Bakemaster Inc. Shakey's Pizza Parlor owns and operates Company-owned stores as well as franchise the brand, enabling Company to branch out to second- and third-tier cities. Potato Corner is a kiosk-based food brand. Bakemaster Inc. supplies airline caterers, hotels, restaurants, and sandwich chains.