Systemwide sales rose 17 percent, supported by growth across all brands and markets.
Shakey’s, Peri-Peri Charcoal Chicken, and Potato Corner anchor the group’s multi-brand portfolio.
Shakey’s is celebrating its 50th year as the Philippines’ top full-service restaurant chain.
The group ended the quarter with 2,671 stores worldwide, adding 439 units year-on-year.
Nearly 20 percent of its total network now comes from international locations.
Management’s view
“Our store network expansion is on track, and we expect to pick up the pace in the coming quarters,” said president and CEO Vic Gregorio. “We continue to aim for double-digit topline and bottom line growth as we build momentum in the coming quarters.”
Comparable sales growth
Same-store sales grew 2 percent but normalized at 4 percent after adjusting for the extra leap year day and earlier Easter holidays in 2024. This was driven by product upgrades and menu innovation.
Operating income rose 15 percent year-on-year to P285 million, while gross margins eased to 22 percent due to expansion costs, partially offset by better commodity prices.
