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Jollibee 3Q2016 Net Income Up by 6.1%

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MANILA, Philippines – Jollibee Foods Corp. (PSE:JFC), Philippines’ largest operator of fast food chain, reported a net income increase by 6.1 percent during the third quarter of 2016.

The third quarter net revenue of the company is driven by its higher sales despite the increase in its operating expenses.

Shareholders-attributed net revenues in the third quarter climbed from P1.258 billion to P1.335 billion. Net income in the past nine months rose by 13.8 percent from P3.858 billion to P4.389 billion.

In the third quarter, entire retail sales increased by 12.4 percent, whereas there is a climb by 11 percent in revenues. The operating income in retail sector declined by 6.7 percent.

For the period ended September 30, 2016, the company’s current assets totaled to over P26.44 billion. It is likely that it will exceed its fiscal record in 2015 totaled to P27.17 billion for the whole year. On the other hand, for the total assets, the company has P66.91 billion as of the three-quarter end.

Alternatively, the current liabilities of the company amounted to P20.87 billion, which is also close to last year’s record of P21.07 billion. Total liabilities after three quarters reached P33.41 billion, which is higher than 2015’s total of P33.01 billion.

Ysmael Baysa, Jollibee Chief Financial Officer, stated that in order to improve the company’s service, the management decided to increase stores’ workforce.  This is in line with improvement of profit margins with the aid of lower raw materials value.

Ernesto Tanmantiong, Jollibee Chief Executive Officer, claimed that by year-end, the company is anticipating its highest total sales growth in five years. In at least 10 years, the management is also expecting its highest organic expansion.

In October, the company declared that it will continue its partnership with American agribusiness giant Cargill. The agreement involves the use of poultry processing plant in Santo Tomas, Batangas. In order to support the expansion of JFC’s brands, the facility will supply dressed and marinated chicken. Batangas and nearby provinces will acquire up to 1,000 new jobs from the facility.

The group plans to build at least 200 new stores in 2016. This will follow 2015’s expansion of network with additional 249 stores. This is in line with the management’s goal of maintaining strong profit growth as 2017 poses for a higher inflation rate not only in the country but other nations as well.

On Tuesday early trading, the company’s shares dropped by 9.96 percent to P208.00.

Jollibee currently has 2,528 restaurants in the Philippines. Brands under the group are Jollibee, Red Ribbon, Chowking, Greenwich, Burger King, and Mang Inasal.

Here’s some additional pieces of information on JFC.

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-15-2016 at 03:30PM:

  • 31 out of 85 participants or 36.47% of all participants registered a 100% BUYING activity
  • 3 out of 85 participants or 3.53% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 230.1923
  • Top 10 Players’ Selling Average: 230.1502

JFC - JOLLIBEE FOODS CORPORATION - Top 10 Players' Sentiment - November 15, 2016

30-day Foreign Fund Flow

On a 30-day trading period, JFC is on a Net Foreign Selling worth PHP551,567,068.00.

JFC - JOLLIBEE FOODS CORPORATION - Foreign Fund Flow - November 15, 2016

Risk Level

Due to a steep decline on JFC’s share price today, its risk level elevated to the moderate level based on our proprietary risk level indicator.

JFC - JOLLIBEE FOODS CORPORATION - Volatility - November 15, 2016


JFC has no liquidity issues.

JFC - JOLLIBEE FOODS CORPORATION - Volume - November 15, 2016

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