stockbayan

Filtered by JFC Clear
Press Release

Jollibee Foods Corporation Secures FTC Approval for Acquisition of Shabu All Day

Jollibee Foods Corporation announced that the Korea Fair Trade Commission has approved its subsidiary's acquisition of All Day Fresh Co., Ltd., operator of Shabu All Day, Korea's largest hot pot restaurant chain. This acquisition is expected to enhance Jollibee's growth platform in Korea, contributing approximately +2% to Group Revenues and +8% to Global EBIT.

๐ŸŸข High Impact
Read AI Summary
Press Release

Smashburger Reports Strong Sales Growth and Franchise Expansion

Jollibee Foods Corporation announced a business update for its Smashburger brand, highlighting a significant turnaround in same-store sales from negative mid-teen levels to positive double-digit growth by March 2026. The brand's successful product innovations and value offerings have driven higher transaction volumes and franchise expansion plans.

๐ŸŸข High Impact
Read AI Summary