CASUAL dining restaurant firm Max’s Group Inc. reported double-digit growth in its net income last year, thanks to robust system-wide sales and revenues. System-wide sales grew by 7 percent to P20.11 billion in 2019 from P18.8 billion of the previous year. Operating income surged 22.4 percent to P1.32 billion in 2019 from P1.08 billion the previous year. Restaurant sales grew by 4.4 percent to P11.79 billion while franchising and other revenues inched up 1 percent to P828.29 million. It launched in 2019 its first multi-brand site in Quezon City, housing the following brands: Max’s Restaurant, Yellow Cab, Pancake House, Krispy Kreme, Jamba Juice and Teriyaki Boy.

Source: Manila Times March 12, 2020 18:22 UTC