Jollibee Foods reports record US$55M profit as Q2 2026 revenue jumps 12%

SINGAPORE – Jollibee Foods Corporation (JFC) reported a 12% increase in second-quarter 2026 revenue to US$1.4 billion, as stronger sales and pricing measures helped the restaurant group recover from cost pressures earlier in the year. 

Net income more than doubled to US$55 million, marking the highest quarterly profit in the company’s history. Operating margin reached 9.1%, while net margin rose to 6.2% by June. 

System-wide sales increased 14% year-on-year to US$2.1 billion, with growth recorded across JFC’s major markets. In the Philippines, Mang Inasal led with 10.7% growth, followed by Jollibee at 6.6%, while Chowking continued to strengthen its position in the fast-food market. 

International operations grew 25%, supported by strong performances from Jollibee North America and Vietnam. Same-store sales at Jollibee Vietnam increased nearly 18%, while North America recorded 8.6% growth. 

JFC’s global store network expanded to 10,767 outlets, including 3,516 in the Philippines. About 70% of new outlets were franchised, supporting the company’s shift towards a more asset-light operating model. 

Transition costs associated with closing underperforming stores weighed on results, although management said the changes would support profitability over the longer term. 

JFC CEO Ernesto Tanmantiong attributed the performance to resilient consumer demand and contributions from both Philippine and international operations. 

“The breadth of our growth reflects the relevance of our brands, the strength of our value offerings and the trust that customers continue to place in us,” Tanmantiong said. 

Vietnam remained a major growth market, with Jollibee ranked as the country’s leading quick-service restaurant brand. System-wide sales in Vietnam increased nearly 48% in the second quarter. 

In Canada, new franchise agreements could nearly double Jollibee’s presence within five years. In China, Yonghe King was already 65% franchised and was targeting a 70% franchised network by year-end. 

For 2026, JFC maintained its system-wide sales growth target of 8% to 12% and store network growth guidance of 5% to 10%. However, it revised same-store sales growth guidance to 3% to 4% and reduced its gross new store opening target to 1,000 to 1,100 outlets. 

Capital expenditure is expected at P13 billion to P15 billion, while operating income growth is projected at 10% to 15%. 

Earlier in 2026, JFC was named among TIME’s 100 Most Influential Companies of 2026 and Fortune’s Southeast Asia 500. USA Today also named Jollibee’s fried chicken the best in US fast food. 

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