For the year 2021, Jollibee reported a net income of 5.5 billion. But around half of that came from the write-off of liabilities amounting to 2.8 billion. The income from the write-off of liabilities is buried deep in the other income section of Jollibee’s financial statement. Jollibee had the income from the write-off of liabilitiesContinue reading “Write-off of liabilities added 2.8B to Jollibee’s net income in 2021”
Tag Archives: JFC
Divestments, not Acquisitions, power Jollibee’s net income in Q1 2022
Jollibee (JFC) has been touting its overseas expansion and acquisitions over the years. Over the years JFC acquired Milkshop, Tim Ho Wan, Coffee Bean and Tea Leaf, Smashburger among others. These acquisitions were expected to propel the growth of JFC’s bottom line and thus grow shareholder value. But the opposite seems to happen. In 2022Continue reading “Divestments, not Acquisitions, power Jollibee’s net income in Q1 2022”
JFC holders take a twofold blow from CBTL and Smashburger acquisitions
Jollibee Foods Corporation (JFC) in the hunt for growth acquired two loss-making businesses: Smashburger and Coffee Bean & Tea Leaf. These acquisitions gave JFC shareholders a double whammy. First, the operating losses of Smashburger and Coffee Bean & Tea Leaf offsets the operating income of the established franchises of JFC like Jollibee and Chowking. JFCContinue reading “JFC holders take a twofold blow from CBTL and Smashburger acquisitions”
Jollibee’s intangibles now exceed its retained earnings
At the end of the first quarter of 2021 Jollibee Foods Corporation (JFC) reported intangibles in its balance sheet of 50 Billion Pesos. The intangibles can mostly be attributed to trademarks and goodwill of its most recent acquisitions CBTL and Smashburger. JFC’s 50 Billion intangibles has exceeded its retained earnings which stood at only 30Continue reading “Jollibee’s intangibles now exceed its retained earnings”
Jollibee (JFC) stems cash burn on operations, a welcome news as 19.9 Billion Pesos of debts are set for repayment in the near term
In the third quarter of 2020 Jollibee (JFC) recorded a net loss of 1.9 Billion Pesos. Although JFC was still in the red, it managed not to burn cash on operating activities during the period. Total cash burned on operating activities for the nine-month period remains at 5.2 Billion Pesos as no further cash wasContinue reading “Jollibee (JFC) stems cash burn on operations, a welcome news as 19.9 Billion Pesos of debts are set for repayment in the near term”
JFC (Jollibee) surge after tech announcement tells ABS (ABS-CBN) about what drives value
Jollibee Food Corporation (JFC) surged to a high of 177.80 high after it announced the launching of its Jollibee app. Before that JFC was just trading at around 140 level. The launching of the Jollibee app signifies that its Business Transformation program announced a quarter ago is taking shape. The business transformation program of JFCContinue reading “JFC (Jollibee) surge after tech announcement tells ABS (ABS-CBN) about what drives value”
Jollibee now in the Apps Store, a step in the right direction but pains to persist
Jollibee Foods Corporation announced in August 2020 that it is embarking on a Business Transformation program. Although JFC didn’t elaborate what the business transformation program entails, it can be easily surmised that it would involve information technology. The businesses that thrived and able to cope with the challenges of operating under the pandemic deployed orContinue reading “Jollibee now in the Apps Store, a step in the right direction but pains to persist”
Jollibee (JFC) Business Transformation – from Restaurant to what?, holders should brace for more pain
Jollibee peaked at 328.40 sometime in January of 2019. Before that, JFC acquired 100% of Smashburger an American fast-casual hamburger restaurant chain a for a total of around US$210 Million (around 11 Billion Pesos). JFC was then hunting for acquisitions in its bid to become a top 5 restaurant companies in the world. It appearsContinue reading “Jollibee (JFC) Business Transformation – from Restaurant to what?, holders should brace for more pain”