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Red Ribbon, Smashburger weigh on JFC profit

HOMEGROWN food giant Jollibee Foods Corp.’s (JFC) attributable profit dropped by half in the second quarter of 2019, dragged by losses in its recently acquired US burger chain Smashburger, alongside lower sales from Red Ribbon.

Smashburger drags Jollibee income lower in Q1

EARNINGS of homegrown food giant Jollibee Foods Corp. (JFC) dropped by 14.7% in the first quarter of 2019, pulled down by losses of recently acquired burger chain Smashburger and weak consumer sentiment.

JFC completes deal to gain control of Smashburger

JOLLIBEE Foods Corp. (JFC) has completed its acquisition of an additional stake in American burger chain Smashburger, effectively expanding the homegrown fastfood giant’s global...

Jollibee boosts stake in Smashburger to 85%

Homegrown food giant Jollibee Foods Corp. (JFC) has further ramped up its stake in United States-brand Smashburger with an additional investment of $100 million. In...