Jollibee Foods Corp.’s profit fell 39% in the first quarter as costs surged, prompting the Philippines’ largest fastfood chain operator to review its targets and spending plan. Shares fell to the lowest in five years.
Jollibee Foods Corp.’s profit fell 39% in the first quarter as costs surged, prompting the Philippines’ largest fastfood chain operator to review its targets and spending plan. Shares fell to the lowest in five years.
Customers dine inside a Jollibee Foods Corp. restaurant in Quezon City, Metro Manila, the Philippines, on Tuesday, Feb. 7, 2023. Jollibee is expected to release earnings figures on February 10.
Anmelden
