MANILA, Philippines — Filipino-owned fastfood giant Jollibee Foods Corp. (JFC) finished 2018 with higher profitability despite a challenging environment brought about by rising inflation rate and slower economic growth. JFC’s revenues also jumped by nearly 21 percent to P158.67 billion in 2018 from a year ago. Sales from stores abroad, meanwhile, surged by 55.5 percent led by the North America business. JFC opened 317 stores in the Philippines and 185 new stores abroad in 2018. At the end of 2018, it was operating 3,126 restaurant outlets in the country and 1,395 stores abroad.

Source: Philippine Star February 14, 2019 16:00 UTC