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Jollibee Foods Corporation (JFC) is the largest Asian restaurant company and is the Philippines largest Food Service business. The company is continuously expanding its presence in the Philippines and in foreign countries. It has a System Wide Sales of P130.7 billion (US$ 2.9 Billion) and a Net Income of P4.9 billion in 2015. As of September 2016 year-to-date, it has a System Wide Sales of P107.8 billion (US$ 2.3 Billion) and a Net Income of P4.4 billion. JFC operates the largest food service network in the Philippines. As of September 30, 2016, it is operating 2,547 restaurant outlets in the country: Jollibee brand 950, Chowking 462, Greenwich 239, Red Ribbon 381, Mang Inasal 451 and Burger King 64. Abroad, it was operating 674 stores: Yonghe King (China) 321, Hong Zhuang Yuan (China) 41, Dunkin Donuts (China) 8, Jollibee 156 (US 34, Vietnam 80, Brunei 14, Saudi Arabia 10, Qatar 3, Kuwait 4, Hong Kong 2, Singapore 4, Bahrain 1 and UAE 4), Red Ribbon in the US 33, Chowking 44 (US 16, UAE 20, Qatar 4, Oman 2, Kuwait 1 and Saudi Arabia 1), Jinja Bar (US) 3. The JFC Group had a total of 3,221 stores worldwide. JFC also has a 50% interest in joint ventures for the following stores: Highlands Coffee (Vietnam, Philippines) 147, Pho 24 (Vietnam, Indonesia, Cambodia, Korea and Australia) 33, 12 Hotpot (China) 16, others 8; and a 40% interest in Smashburger that had 376 outlets, mostly in the United States. These joint ventures had a total of 580 stores worldwide, which are not included in JFCs consolidated store count. JFC also operates commissaries or manufacturing plants to support the continued growth of its retail chain. It has 13 commissaries and a distribution center in the Philippines. Abroad, it has 3 commissaries in China, 3 in the United States and 1 in Vietnam. JFC is also committed to serve its host communities through socio-civic projects through the Jollibee Group Foundation.
7411
Philippines
