Jollibee Foods Stock News

FASTFOOD giant Jollibee Group on Wednesday said it is set to introduce more stores of its brands, Tim Ho Wan, Yonghe King and Hong Zhuang Yuan, in China by next month. In a statement, Jollibee Foods Corp. (JFC) President and Chief Executive Officer Ernesto Tanmantiong highlighted that the expansion of the three brands is important in the company''s revenue growth, especially since China is one of their "four pillar markets." The group said it is scheduled to open 33 more stores of the brands in China by December, following the 80 stores already launched this year. JFC noted that it targets to reach around 100 outlets of Michelin-starred restaurant Tim Ho Wan within five years. Tim Ho Wan presently has six stores across Shanghai. Chinese fast-food restaurant Yonghe King, on the other hand, already opened 62 stores this year and plans to open 23 additional branches by next month. The group said it looks to reach 1,000 Yonghe King stores in five years as it currently has 383 stores across China.

Jollibee Foods Corporation (JFC), operator of the eponymous fast food chain famous for its crispy fried chicken, is buying a majority stake in Taiwanese company Milkshop International Co Ltd in the Philippine companys first foray into the bubble tea sector that could bring it closer to its goal of being one of the worlds largest restaurant businesses.JFC said its unit Jollibee World Pte Ltd is set to pay US$12.8 million for 51 per cent of Milkshop, which runs the popular tea brand Milksha

Jollibee Foods Co. (OTCMKTS:JBFCY) announced a dividend on Thursday, November 18th, investing.com reports. Shareholders of record on Monday, November 22nd will be paid a dividend of 0.1362 per share on Wednesday, December 29th. This represents a yield of 0.7%. The ex-dividend date of this dividend is Friday, November 19th. Jollibee Foods stock opened at $20.46 []

The Philippines major commercial poultry producers are ready for the Christmas rush, with consumers assured of the supply and stable prices. Vitarich Corporation spokesperson Atty. Karen Jimeno said that when it comes to supply, the company is ready for the Christmas rush and the opening of the economy. Our industry is one of the few that provide both livelihood and fresh nutritious food for the Filipino people, Jimeno said. As for keeping the prices stable, the chicken industry keeps trying to keep our prices low despite our challenges caused by the fuel hike and the shortage of corn supply, she added. As of Nov. 11, the average retail price of whole dressed chicken in select markets in Metro Manila has been stable at P160 per kilogram (/kg), based on latest price monitoring of the Department of Agriculture (DA). 45715 On the status of the local chicken industry, Jimeno has remained optimistic about the sector despite the current low demand and the continuous entry of imported chicken into the country. With the proper disclosure of timely and appropriate data, we can strike a balance.