Welcome to the top twenty something index issues of the PSEi that have big market capitalization, plus some banks and financial big caps as well
Jollibee Foods Corporation (JFC)
Clarification of news article: "Jollibee draws up expansion, acquisition plans in Indonesia, India"
http://www2.pse.com.ph/html/disclosure/ ... 98_JFC.pdf
I also have one, now I eat at Jollibee everyday on my way to work.
Nice strategy for JFC.
PD: I am one of those who won the raffle
Jollibee Foods Corporation (JFC)
Clarification of news article: "Jollibee sets 2012 spending at P4B to P5B"
http://www2.pse.com.ph/html/disclosure/ ... 87_JFC.pdf
Jollibee seeks more growth abroad
by Katherine Visconti
Posted on 06/22/2012 4:52 PM | Updated 06/22/2012 9:06 PM
MANILA, Philippines - Homegrown fast food giant Jollibee Foods Corp (JFC) wants to grow its foreign business to account for 50% of its system-wide sales in 5 to 7 years, according to company chairman and CEO Tony Tan Caktiong.
In 2011, Jollibee sourced 80% of its P82.2 billion system-wide sales from its domestic operations and only 20% from overseas.
"We would like to target 50/50 probably by 5 to 7 years time," said Caktiong on the sidelines of JFC's annual stockholders' meeting on Friday, June 22.
"The challenge of course is the Philippines has a bigger base and Philippines is still growing quite good so if the foreign needs to overcome that ratio it needs to grow much, much faster. They're doing it but if the Philippines keeps on going up, there is the challenge of how to attain that ratio," he added.
Jollibee plans to add 300 stores in 2012, half in the Philippines and the rest abroad. "That will be the highest in our history," up from 260 new stores in 2011, said Ysmael Baysa, Vice President and CFO.
http://www.rappler.com/business/7454-jo ... e-longterm
Jollibee eyes Europe, to open store in Milan
Fastfood giant Jollibee Foods Corp. plans to bring its flagship hamburger business to Europe by building its first outlets in Italy as part of the company’s global expansion program.
Jollibee chairman and chief executive Tony Tan Caktiong disclosed the fastfood chain may open its first European store in Milan, Italy to serve the increasing number of Filipinos there.
“We’re looking at all the Filipino communities globally. While we’ve gained access to our neighbors in Asia and in the US, we are certainly keen on putting up stores in Milan, Italy. We don’t have a timetable yet, but we’re certainly going there,” Tan Caktiong told Manila Standard.
He said Filipino communities in Europe, especially in Milan, had been asking the company to open stores in strategic areas in Europe.
Tan Caktiong, however, said the company may need to boost its logistics capacity before it could open stores in Europe.
Meanwhile, he said Jollibee was set to open its first store in Singapore before end-2012.
“We’re targeting one store for this year. We know that it will do good but we have to work out a certain system of logistics for this particular market,” he said.
Tan Caktiong said the company had no target acquisition at the moment but “we’re always on the lookout for any opportunity.”
The company is rolling out an aggressive expansion in 2012 to add 225 more stores—100 for Philippine expansion and 125 for the China fastfood market.
Capital expenditure in 2012 was set at P5.8 billion.
Tan Caktiong said there was still room for more stores in its areas of operations, since the market was still “far way from its saturation point.”
Jollibee operates 2,513 stores globally of which 509 of which are overseas. It opened 13 stores abroad in the first quarter of 2012.
Overseas operations include China (354 under the Yonghe King, Hong Zhuang Yuan and San Pin Wang brands); 81 in the United States (Jollibee, Red Ribbon, Chowking and Chow Fun; 32 in Vietnam (all Jollibee); 17 in Dubai (all Chowking); 11 in Brunei (all Jollibee); seven in Jeddah (Jollibee); two in Indonesia (Chowking); two in Qatar (Chowking). There is one Jollibee store each in Hong Kong, Qatar and Kuwait.
The company said system-wide retail sales grew 15 percent to P21.6 billion in the January-March period from P18.743 billion a year ago.
Jollibee opened 39 new stores in the first three months, including 26 outlets in the Philippines and 13 abroad.
http://manilastandardtoday.com/www2/201 ... -in-milan/
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