Po family-led Shakey’s Pizza ends 2023 with P1.1B profit

Shakey’s Pizza Asia Ventures Inc. ended the past year on a high note, reporting a net income jump of 23 percent to P1.1 billion.

Shakey's CEO and president Vicente Gregorio

Despite inflationary pressures, the group saw a 32 percent leap in systemwide sales to  P18.64 billion. 

Revenues climbed by 39 percent to Ph14.13 billion, although gross margins felt the squeeze from rising costs. 

Strategic reinvestments for growth tempered the margin impact, enabling a robust 23 percent rise in net income year-on-year.

About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

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