Jollibee touts coffee/tea, Chinese food units’ growth

Business & FinanceFood
20 Jan 2026 • 12:13 AM MYT
The Manila Times
The Manila Times

One of the longest-running English broadsheets in the Philippines

JOLLIBEE Foods Corp. on Monday said it had recorded sustained momentum in its coffee and tea and Chinese cuisine segments, driven by disciplined expansion and strong performance in key international markets.

In a stock exchange filing, Jollibee said that Compose Coffee in South Korea had surpassed 3,000 locations, adding 1,000 stores in just 18 months.

The coffee chain’s mobile app was said to have attracted 17.59 million users, with an additional 8.3 million subscribers following a collaboration with global music icon BTS V.

In Vietnam, meanwhile, Jollibee said Highlands Coffee had doubled its footprint over the past three years, serving over 100 million customers annually and maintaining double-digit sales growth.

The Chinese cuisine segment also showed robust performance, the company said, as Yonghe King opened 35 new franchised stores in China and Tim Ho Wan achieved 100-percent profitability across its Hong Kong locations within six months of acquisition.

Jollibee further touted the positive performance of its first Tim Ho Wan store in the US, located in Irvine, South California, saying that early indicators “point to encouraging customer uptake, reinforcing management’s conviction in the brand’s scalability in Western markets.”

The company said it was looking to scale Tim Ho Wan to 20 North American stores by 2028.

The developments in the coffee and tea and Chinese cuisine segments were said to “reinforce the group’s disciplined execution, asset-light growth strategy, and strengthening international platform.”

Jollibee reported an unaudited net income of P9.017 billion in the first nine months of 2025, up 1.6 percent year on year. System-wide sales grew 18.4 percent to P332.8 billion, with revenues rising 14.3 percent to P224.2 billion.

The company’s shares on Monday dipped by P0.60, or 0.28 percent, to close at P212.80 each amid a 0.42-percent drop for the benchmark Philippine Stock Exchange index.