Jollibee to add 225 stores as part of P5.8-B capex program

Jollibee Foods Corporation (JFC) disclosed Thursday that it has set aside P5.8 billion for its 2012 capital investment program and earmarked half of this budget “to increase its store count by 125 stores in the Philippines and 100 stores in China.”   Atty. Agatha Olga de Jesus, JFC corporate legal counsel, made the revelation on the food giant’s expansion plans in a filing with the Philippine Stock Exchange (PSE). At the end of trading hours Thursday at the PSE, JFC closed at P117 per share. For all of 2011, JFC had system-wide sales of P82.17 billion and net income of P3.25 billion. "Sales in the Philippines grew by 17.8 percent while those abroad increased by 19 percent led by China with a growth of 27.5 percent and Southeast Asia and the Middle East with 23.3 percent," the listed firm said in February when it released its 2011 operations results. In 2011, JFC opened 260 new stores to bring its store network to 2,469 stores worldwide.

JFC Brands	No. of Stores
Jollibee	745
Chowking	391
Red Ribbon	208
Mang Inasal	429
Burger King	23
Sub-total in PHL	2001
Yonghe King	265
Hong Zhuang Yuan	52
Jollibee
United States	27
Vietnam	31
Brunei	11
Jeddah	7
HongKong	1
Qatar	1
Red Ribbon – US	27
Chowking
United States	19
Dubai	16
Indonesia	2
Qatar	2
Sub-total Overseas	468
Total Stores Worldwide	2,469

It spent P6 billion for capital investments last year and P4 billion was spent on fixed assets "mostly in new stores and supply chain facilities" and P2 billion in acquiring new businesses.  — ELR, GMA News