Jollibee [JFC 258.00 ?0.8%] [ link ] posted an FY24 net income of P10.79 billion, up 20.1% from its FY23 net income of P8.98 billion, driven by a 13% increase in system-wide sales to P390 billion. PH-based systemwide sales were up 10.1%, while international systemwide sales were up 17.6%. The PH-based stores lead in terms of same-store sales growth, posting a 7.5% improvement, with international stores collectively rising just 2.8% (dragged down by the -11.2% performance of JFC's stores in China). JFC said it's looking to open 700-800 stores in FY25 "across all brands and regions". It's targeting an 8-12% systemwide sales growth and a 4-6% same-store sales growth.