Jollibee Foods Corporation (PSE: JFC) announced record second-quarter results for 2026, with net income attributable to equity holders of the parent company rising 5.7% year-over-year to Php3.4 billion (approximately US$55 million), marking its highest quarterly net income on record. The company attributed the performance to margin recovery from first-quarter cost pressures, improved operating leverage, and sustained global sales growth.
System-wide sales increased 14.2% year-over-year, driven by demand across the company's Philippine and international businesses. Consolidated revenues grew 10.7% to Php85.9 billion. The company also reported a 2.7% increase in same-store sales, with international same-store sales up 4.4%.
North America emerged as a key growth driver. Jollibee's system-wide sales in the region grew 21.6%, and same-store sales increased 8.6%. Smashburger, a subsidiary, saw same-store sales rise 7.0%. In Canada, the company announced plans to add 26 new locations—16 in British Columbia and 10 in Edmonton—to its existing 28-restaurant network. These additions would nearly double its Canadian footprint over the next five years.
“Our second-quarter results demonstrate the continued strength of the Jollibee Group's global brand portfolio and the resilience of consumer demand across our key markets,” said Ernesto Tanmantiong, Global Chief Executive Officer of JFC. “We delivered healthy system-wide sales growth across all regions, supported by strong contributions from both our Philippine and international businesses, continued same-store sales growth, and ongoing expansion of our global store network.”
The margin recovery was evident in sequential comparisons. Quarter-on-quarter, consolidated revenues rose 12.2%, gross profit increased 25.3%, operating income jumped 56.1%, and net income attributable to equity holders more than doubled. Gross profit margin improved to 18.5% in Q2 from 16.5% in Q1, and operating income margin rose to 7.2% from 5.2%. By June, operating income margin had reached 9.1% and net income margin 6.2%.
“The second quarter represents an important step forward in our earnings momentum. Pricing actions implemented beginning in April, together with productivity, sourcing, and cost discipline initiatives, contributed to the recovery in gross profit margins and supported stronger operating income and NIAT margins,” said Richard Shin, Chief Financial and Risk Officer of JFC and Chief Executive Officer of Jollibee Group International Business.
Reported profitability included Php239.0 million (approximately US$3.9 million) in transition-related costs tied to the turnaround of Yonghe King and Smashburger toward predominantly franchised models. Excluding these, underlying performance was stronger.
The company's global store network expanded 6.4% year-over-year to 10,767 stores across 33 countries. Of the 461 gross new openings in the first half, about 70% were franchised, keeping the franchised ratio at 70%. International segment system-wide sales grew 25.4%, with notable contributions from Highlands Coffee (+46.7%), Compose Coffee (+39.7%), and Tim Ho Wan (+23.0%). The Philippine business posted 5.7% system-wide sales growth, with Mang Inasal up 10.7% and Jollibee up 6.6%.
For full-year 2026, the company maintained its guidance for system-wide sales growth of 8%-12% and store network growth of 5%-10%. It revised same-store sales growth guidance to 3%-4% and gross new store openings to 1,000-1,100 stores. Capital expenditures are expected between Php13.0 billion and Php15.0 billion. Operating income growth guidance was revised to 10%-15%.
“We enter the second half with stronger momentum, a continued focus on sustaining margin recovery, and continued confidence in the long-term growth prospects,” Shin added.
The Jollibee Group's recent recognitions include TIME's 100 Most Influential Companies of 2026 and USA Today's Best Fast Food Fried Chicken. The company also received LEED Gold certification for its Danao commissary, the first manufacturing facility in the Philippines to achieve this.
