Jollibee Foods Corporation (JFC) Earnings Call Transcripts

Jollibee Foods Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Jollibee Foods Corporation (JFC:PH) reported a revenue of PHP 35.2 billion, reflecting an 8% growth in the Philippines and 13.5% internationally. However, net income after tax (NIAT) experienced a decline due to a significant 13.1% increase in inventory costs, leading to a gross profit margin compression from 19.4% to 16.3%. Management has initiated a pricing strategy to address these challenges, with expectations for improved margins in the second half of the year, signaling a cautious but optimistic outlook for future performance.

Reported metrics

Guidance from management

Management has initiated a pricing strategy to stabilize margins and expects improved performance in the second half of the year. They are targeting a moderate single-digit price increase to cushion against inflationary pressures.

What management said

Yes. So on Highland, very simple. There is absolutely no correlation to inflation to our listing time. And the JFC international listing, I'm prohibited to say too much, but we are absolutely targeting the same date to IPO.

Yes. So April, I think we're going to end the month somewhere around low single same-store. System-wide sales probably higher than that. So the impact of the price increase because it's done in the way it's done, it's negligible to none. I will say the -- what do we call it, the election spend last year April. And I think there's a few other timing differences around Graduation Day, et cetera. So some of that we'll...

What analysts pressed on

Analysts expressed concerns about the impact of inflation on margins and the potential for demand disruption in key markets. There were also questions regarding the pace of store expansion and the effects of geopolitical tensions on costs.

Main topics on the call

• Revenue Growth — Jollibee achieved system-wide sales growth of 8% in the Philippines and 13.5% internationally, with total revenues reaching PHP 35.2 billion. Management noted, "all of our 19 brands... had top line growth," indicating br...
• Margin Compression — The company faced significant margin compression due to a 13.1% rise in inventory costs, leading to a gross profit margin decrease from 19.4% to 16.3%. Management stated, "the majority of the pain was really due to this ...
• Pricing Strategy — Management has implemented a pricing strategy to address inflationary pressures, with a moderate single-digit price increase planned for Q2. They emphasized, "we're taking disciplined steps to manage near-term volatility...
• Store Expansion — Jollibee opened 181 new restaurants globally, marking a 4.9% increase in network growth. The company remains committed to expanding its footprint, particularly in under-penetrated markets.

Read the full Jollibee Foods Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 15 Jollibee Foods Corporation earnings call transcripts on record, spanning June 24, 2022 to May 15, 2026. Based on this history, Jollibee Foods Corporation reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

JFC

Exchange

PSE

Country

PH

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

15

First call

June 24, 2022

Most recent

May 15, 2026

Reporting cadence

quarterly