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Consumer Services

Jollibee Foods Corp.

Company Background

Started by its chairman, Tony Tan Caktiong, as an ice cream parlor in 1975, Jollibee Foods is now one of Asia's top quick-service restaurant chains by market value. Jollibee, the company's flagship chain, has become a household name in the Philippines Its other quick-service restaurant brands include Chowking, which serves Asian cuisine; Greenwich, which does pizza; Red Ribbon, a bakery chain; and Mang Inasal, where the specialty is grilled chicken. The company also owns the Philippines franchise rights for Burger King.

Outside the Philippines, Jollibee Foods has affiliates that develop and operate international brands like Yonghe King, Hong Zhuang Yuan, San Pin Wang and 12 Hotpot. It has restaurants in Brunei, China, Hong Kong, Kuwait, Oman, Qatar, Saudi Arabia, Singapore, the U.S. and Vietnam.

The chains sell dishes that are prepared on-site and are based on original company recipes. The restaurants use company-specified ingredients and supplies, and follow company standards and procedures. Tan Caktiong, a chemical engineering graduate from the University of Santo Tomas in Manila, in August stepped down as Jollibee CEO and was replaced by his brother Ernesto Tanmantiong.

Business Summary

Jollibee Foods Corp. engages in the development, operation, and franchising fast food stores under the trade name Jollibee. It operates through the following segments: Food Service, Franchising, and Leasing. The Food Service segment operates quick service restaurants and the manufacture of food products to be sold to Jollibee Group-owned and franchised QSR outlets. The Franchising segment franchises the Jollibee Group's QSR store concepts. The Leasing segment leases store sites mainly to the Jollibee Group's independent franchisees. The company was founded by Tony Tan Caktiong in 1975 and is headquartered in Pasig City, Philippines.

Financial Highlights

Dec 2021 PHPUSD
Gross Profit25,428.29M515.84M
Operating income5,752.05M116.68M
Income before tax6,186.84M125.50M
Net income5,981.69M121.34M
Diluted EPS5.290.10
Dividends Per Share1.960.03
Total Assets210,855.40M4,135.02M
Total liabilities156,918.87M3,077.29M
Total equity55,618.72M1,090.72M
Operating cash flow17,677.25M358.60M
Currency in PHPCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 133,613.08M 161,167.78M 179,626.18M 129,313.00M 153,575.59M
Gross Profit 23,481.06M 28,205.27M 28,749.86M 13,924.17M 25,428.29M
Operating income 7,259.01M 8,997.44M 6,691.28M -8,148.97M 5,752.05M
Income before tax 8,339.51M 10,408.45M 10,542.56M -12,211.32M 6,186.84M
Net income 7,109.12M 8,212.60M 7,302.72M -11,510.72M 5,981.69M
EBITDA 12,004.17M 20,883.19M 20,186.67M 6,419.76M 19,234.31M
Diluted EPS 6.49 7.44 6.60 -10.44 5.29
Dividends Per Share 2.32 2.57 1.97 0.78 1.96
Total Assets 89,801.07M 150,530.05M 187,459.94M 210,827.30M 210,855.40M
Total liabilities 47,201.91M 101,516.78M 134,073.02M 173,366.26M 156,918.87M
Total equity 40,799.81M 47,512.28M 53,487.51M 38,556.43M 55,618.72M
Operating cash flow 12,502.80M 19,775.64M 18,724.20M -1,924.04M 17,677.25M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,650.28M 3,059.20M 3,469.00M 2,607.09M 3,115.46M
Gross Profit 465.75M 535.37M 555.22M 280.72M 515.84M
Operating income 143.98M 170.78M 129.22M -164.29M 116.68M
Income before tax 165.41M 197.56M 203.60M -246.19M 125.50M
Net income 141.01M 155.88M 141.03M -232.06M 121.34M
EBITDA 238.10M 396.39M 389.85M 129.42M 390.19M
Diluted EPS 0.12 0.14 0.12 -0.21 0.10
Dividends Per Share 0.04 0.04 0.03 0.01 0.03
Total Assets 1,798.89M 2,862.60M 3,701.45M 4,390.08M 4,135.02M
Total liabilities 945.55M 1,930.52M 2,647.31M 3,610.02M 3,077.29M
Total equity 817.30M 903.53M 1,056.12M 802.86M 1,090.72M
Operating cash flow 247.99M 375.37M 361.60M -38.79M 358.60M

Valuation Measures

Dec 2021
Operating margin3.74%
Profit margin3.89%

Key executives

  • President, CEO & Executive Director: Ernesto Siao Tanmantiong
  • Chief Financial Officer: Richard Shin
  • Chief Compliance Officer: Valerie Feria Amante
  • Vice President & Comptroller-Worldwide: Marilou N. Sibayan
  • Chief Procurement Officer: Susana K. Tanmantiong


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Contact Details

  • Website:
  • Address: 10/F, Jollibee Plaza Building, No. 10 F. Ortigas Jr. Avenue, Pasig City, 1605, Philippines
  • Phone: +63.2.634.1111

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Last Updated on 1 Dec, 2022

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