Yolanda impact on Jollibee ‘manageable’

MANILA, Philippines – Some 23 Jollibee stores in Leyte and Samar were closed due to damage caused by Typhoon Yolanda (Haiyan), but the company said the overall impact on the group was “manageable.”

The stores – both company-owned and franchised – were not operating as of November 13 due to damage and “disruption of product supply,” Jollibee Foods Corporation (JFC) said in a statement on Thursday, November 14.

This would have no significant impact on the group however, since the stores account for only 1.1% of its network and are covered by insurance.

JFC, the country’s largest fast food chain operator, is one of the companies participating in relief operations for typhoon survivors.

In the same statement, the company reported its net income in the first 9 months rose 25.2% to P3.139 billion from P2.506 billion in the same period last year.

It said more people visited its stores, lifting system-wide sales by 12.4% to P75.223 billion from P66.918 billion last year. System-wide sales represent sales by both company-owned and franchised stores.

Sales in the Philippines jumped 10.5%. Overseas, sales also grew: by 34.7% in Southeast Asia and the Middle East, 21.9% in China and 15.7% in US.

JFC operates the Philippines’ largest fast food chain network. As of September 30, it had 2,121 stores in the Philippines and 575 stores abroad. – Rappler.com