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Jollibee wants bigger bite of North America, to open 28 stores in US, Canada By JON VIKTOR D. CABUENAS, GMA News
Published January 11, 2021 12:27pm Homegrown food chain Jollibee Food Corp. (JFC) is set to take a bigger bite of the international market, with plans to open 28 new stores in North America this year. In a regulatory filing on Monday, JFC confirmed it plans to open 19 stores in the United States and another nine in Canada, as it targets to have 300 stores in North America by 2024. Jollibee ended the third quarter of 2020 with a net loss of P1.58 billion, marking a 194.5% drop from the P1.67 billion net income recorded the same period in 2019. This brought the nine-month net loss down 424.4% to P13.5 billion versus the P4.1-billion net income in 2019.
BusinessWorld
January 8, 2021 | 7:32 pm
Jollibee Food Corp. (JFC) plans to open 28 stores in North America in 2021 as part of its expansion efforts in the continent.
In a statement on Friday, the company said it targets to open 19 stores in the United States and nine in Canada to increase its North American store network.
For 2020, Jollibee said it had opened 16 stores in North America despite the coronavirus disease 2019 (COVID-19) pandemic. The new branches brought Jollibee’s total store network in North America to 62, with US stores accounting for 48, while those in Canada amounted to 14.
Maribeth Dela Cruz, the Jollibee group’s president for North America, said the company recorded double-digit sales growth across North America despite the challenges caused by the pandemic.