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McDonald’s Philippines posts double-digit sales growth in 2017


McDonald’s Philippines on Thursday reported a double-digit sales growth last year, driven by store network expansion.

In an emailed statement, McDonald’s said system-wide sales grew by 14 percent to P42.6 billion on the back of new store openings.

The company opened 52 new stores in 2017, which it said provided employment opportunities to 4,000 individuals.

“By opening more new restaurants, we will be able to generate jobs and provide world-class training for thousands of young Filipinos,” Kenneth Yang, president and CEO of McDonald's Philippines, said.

“We also enhance economic activity in areas where we will be present,” he said.

The company allotted P3.5 billion to cover capital expenditures in 2017, mainly to open new stores.

Yang said earlier that P2 billion was earmarked for expansion and P1.5 billion was allocated to build a new meat processing plant.

“Alongside expansion of our physical stores, we see e-commerce as another strong source of incremental business growth as our delivery service has been growing year- on-year. We’re proud of our gains in McDelivery as the first QSR to have an online delivery site in 2009 and an app in 2014,” Yang said.

Last month, McDonald’s partnered with Paymaya Philippines, the digital financial services arm of PLDT Inc.’s Voyager Innovations, to enable cashless payments across its branches.

Golden Arches Development Corporation, majority owned by chairman & founder Dr. George T. Yang and his family, is the master franchise holder of McDonald’s in the Philippines and has been a wholly-owned Filipino company since 2005. —VDS, GMA News

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