Strong Global Growth
Jollibee reported a 13.3% system-wide sales growth in the Philippines and a 15.4% increase internationally, with a global store expansion of 6.5%.
North America Performance
Jollibee North America achieved a 54-month streak of sustained same-store sales growth, with average daily sales of $14,000 in the US and $16,400 in Canada.
Vietnam Market Leadership
Jollibee became the market leader in Vietnam with a 21.5% same-store sales growth and positive single-digit OPM.
Positive Developments in China
China saw a 4% same-store sales growth with traffic up 15%, and business level NOI turned positive in June.
Smashburger's Turnaround
Smashburger launched the 'Summer of Smash' campaign, resulting in a double-digit positive swing in transaction counts.
Robust Coffee and Tea Segment
The segment saw a 77% EBITDA growth, with Campos Coffee achieving a 36% ROIC.
Philippines' Resilient Growth
Philippines delivered an 11.3% system-wide sales growth, with minimal price increases despite inflation.
Strong Financial Metrics
Jollibee reported a 19.6% system-wide sales growth, a 15.5% revenue increase, and a 19.1% NOI growth for Q2.