Jollibee plans to triple net income in five years by expanding in China and opening 700-750 new locations.

Jollibee, the Philippines' largest fast-food chain, plans to triple its net income in five years by expanding its brand internationally, particularly in China. The company aims to open 700-750 new outlets this year, focusing on lower-tier cities in China, and allocate 20-23 billion pesos in capital spending to support growth in 2022. Jollibee reported a 16% increase in net income for the past year, reaching 8.8 billion pesos ($173 million).

March 12, 2024
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