The Jollibee Group reported record second-quarter results for 2026, with net income attributable to equity holders of the parent company rising 5.7% year-over-year to Php3.4 billion (approximately US$55 million), marking its highest quarterly net income on record. The company attributed the performance to margin recovery from first-quarter cost pressures and improved operating leverage, as well as sustained global sales growth.
System-wide sales increased 14.2% year-over-year, driven by continued demand across the Philippine and international businesses and growth across its global brand portfolio. Consolidated revenues grew 10.7% to Php85.9 billion. The company noted that sequential recovery from the first quarter was significant, with gross profit up 25.3%, operating income up 56.1%, and net income more than doubling compared to Q1 2026.
North America continued to be a strong performer, with Jollibee North America system-wide sales up 21.6% and same-store sales up 8.6%. Smashburger also delivered 7.0% same-store sales growth. The company announced new expansion plans in Canada, adding 26 locations in British Columbia and Edmonton to its existing 28-restaurant network. If completed as planned, this would nearly double Jollibee's Canadian footprint over the next five years.
“Our second-quarter results demonstrate the continued strength of the Jollibee Group's global brand portfolio and the resilience of consumer demand across our key markets,” said Ernesto Tanmantiong, Global Chief Executive Officer of JFC. “We delivered healthy system-wide sales growth across all regions, supported by strong contributions from both our Philippine and international businesses, continued same-store sales growth, and ongoing expansion of our global store network.”
Richard Shin, Chief Financial and Risk Officer of JFC and Chief Executive Officer of Jollibee Group International Business, added: “The second quarter represents an important step forward in our earnings momentum. Pricing actions implemented beginning in April, together with productivity, sourcing, and cost discipline initiatives, contributed to the recovery in gross profit margins and supported stronger operating income and NIAT margins.”
The company's global store network increased 6.4% year-over-year to 10,767 stores across 33 countries, with franchised stores accounting for approximately 70% of gross new openings. International segment system-wide sales expanded by 25.4%, led by Highlands Coffee (+46.7%), Compose Coffee (+39.7%), and Tim Ho Wan (+23.0%). The Philippine business also grew, with system-wide sales up 5.7%.
For full year 2026, Jollibee Group maintained its guidance for system-wide sales growth of 8%-12% and store network growth of 5%-10%, but revised same-store sales growth guidance to 3%-4% and gross new store openings to 1,000-1,100 stores. Operating income growth guidance was revised to 10%-15%, reflecting updated assumptions and continued transition costs.
The company highlighted growth catalysts in Vietnam and China. Jollibee Vietnam achieved system-wide sales growth of 47.6% and same-store sales growth of 17.9% in Q2, and was named the No. 1 quick-service restaurant brand in Vietnam by Euromonitor International. In China, Yonghe King's franchise ratio increased to 65%, targeting 70% by end of 2026.
“We remain focused on pursuing high-quality growth opportunities that generate attractive returns on invested capital,” the company stated, emphasizing disciplined capital allocation and capital-light expansion. The company also noted recent recognition, including TIME's 100 Most Influential Companies and USA Today's Best Fast Food Fried Chicken.
