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. JFC…Read More→
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 30…Read More→
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 was…Read More→
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 JFC…Read More→
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 or…Read More→
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 appears…Read More→
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