Jollibee income up 33.4% as sales, revenues increase

JOLLIBEE Foods Corp. on Thursday reported a 33.4-percent increase in 2022 net income to P7.34 billion, from P5.50 billion a year earlier, as a reopening of the economy saw more people patronizing its fast-food businesses.

Full-year consolidated operating income grew by 58.40 percent to P9.9 billion, with operating margins improving to 4.7 percent from 4.1 percent of revenues.