- Jollibee’s 4Q net income was 1.94 billion pesos, a significant increase from 320 million pesos year on year.
- The company’s revenue was 66.70 billion pesos, marking an 8.4% increase year on year.
- Earnings per share (EPS) stood at 1.641 pesos, compared to 18.6 centavos year on year, beating the estimated 1.56 pesos.
- Operating income rose by 33% year on year to 2.51 billion pesos.
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) was 9.35 billion pesos, up by 14% year on year.
- For the year 2023, net income was 8.77 billion pesos, marking a 16% increase year on year. This was slightly below the estimated 8.96 billion pesos.
- Revenue for 2023 was 244.11 billion pesos, a 15% increase year on year, slightly exceeding the estimated 243.14 billion pesos.
- Operating income for 2023 rose by 45% year on year to 14.41 billion pesos.
- Jollibee projects system-wide sales growth of 10%-14% in 2024.
- The company also expects same-store sales growth of 5%-7% in 2024.
- Operating profit is anticipated to rise by 10%-15% in 2024.
- Capital expenditure (Capex) for 2024 is projected to be between 20B and 23B pesos.
- Jollibee plans to open between 700 to 750 stores in 2024.
- The company aims to ramp up franchising to support expansion, according to the CEO.
- Jollibee’s CEO, Ernesto Tanmantiong, expresses confidence in tripling the company’s net income in the next five years.
- The company reported that fiscal year revenue was at an all-time high.
- There were 19 buys, 1 hold, and 1 sell in terms of stock recommendations.
A look at Jollibee Foods Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
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
Jollibee Foods Corporation, the popular fast food chain, has a positive long-term outlook according to Smartkarma’s Smart Scores. The company received a score of 4 for growth, indicating a strong potential for expansion and profitability in the future. This is supported by Jollibee’s consistent success in the fast food industry since its incorporation in 1978, making it a reliable and established brand.
In terms of resilience, Jollibee received a score of 2, indicating moderate stability in the face of economic challenges. However, the company received a perfect score of 5 for momentum, indicating a strong upward trend and positive market sentiment. This is a promising sign for investors and shareholders, as Jollibee continues to grow and gain momentum in the competitive fast food market.
While Jollibee’s value and dividend scores may not be as high as its growth and momentum scores, the overall outlook for the company remains positive. With its established brand, strong growth potential, and positive market momentum, Jollibee Foods Corporation is a company to watch in the long-term.
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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