• Jollibee’s net income has increased by 27% year on year, from 2.06 billion pesos in the same period last year to 2.62 billion pesos in the first quarter of 2024.
• The total revenue for the first quarter stands at 61.30 billion pesos.
• Their earnings per share (EPS) have risen from 1.75 pesos to 2.24 pesos year on year.
• There is a 14% increase in operating income, up to 4.09 billion pesos compared to the previous year.
• EBITDA (Earnings before interest, taxes, depreciation, and amortization) also displays a positive growth of 18%, resulting in 8.95 billion pesos.
• Current analyst recommendations for Jollibee’s stock are predominantly positive with 19 buys, 1 hold, and 1 selling advice.
• All of these comparisons to past results are based on values reported by the company in their original disclosures.
Jollibee Foods on Smartkarma
Analyst coverage of Jollibee Foods on Smartkarma is positive, with notable insights from Devi Subhakesan. In a recent report titled “Jollibee Foods (JFC PM): Aiming High. Strong Growth Guidance Can Drive Stock Up,” Subhakesan highlights the company’s strong revenue and earnings growth forecast for 2023. The analysis points towards stock upside potential following the upbeat growth outlook and buoyant earnings guidance shared by management. Jollibee Foods is recognized for its robust double-digit revenue and earnings growth in 2023, coupled with a significant increase in cash flow generation. The company’s diverse F&B brand portfolio spanning Asia, North America, and the Middle East positions it uniquely in the market.
A look at Jollibee Foods Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Jollibee Foods, the well-known fast food giant, shows a promising long-term outlook. With a strong emphasis on growth, Jollibee Foods scored high in that category, indicating potential expansion opportunities ahead. Additionally, the company’s momentum score suggests positive market sentiment and performance trends, adding to its overall positive outlook.
Despite scoring average in value, dividend, and resilience factors, Jollibee Foods‘ focus on growth and its current momentum paint a bright future for the company. As a popular player in the fast food industry, Jollibee Foods Corporation continues to captivate consumers with its wide range of offerings, leveraging its established network of restaurants under the trusted brand name Jollibee since its inception in 1978.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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