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Food & Beverage

Philippine fast-food leader Jollibee finds fatter profits abroad

Fried chicken giant's earnings returning to pre-pandemic level

Ernesto Tanmantiong, president and chief executive of Jollibee Foods, is seeing off COVID-19 setbacks with aggressive expansion of the group overseas.    © Reuters

MANILA -- The earnings of Philippine fast-food giant Jollibee Foods are recovering rapidly on the back of an overseas buying spree.

Ernesto Tanmantiong, the chief executive of Jollibee Group, was upbeat at the company's annual meeting of stockholders on June 24. "My positive outlook is based on our track record," he said. "We managed to be resilient in the face of adversity."

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