Jollibee Shares Drop to Five-Year Low as Profit Sinks 39% on CPI
Jollibee Foods Corp.’s profit fell 39% in the first quarter as costs surged, prompting the Philippines’ largest fastfood chain operator to review its targets and spending plan. Shares fell to...
By Ditas B Lopez · Bloomberg
Jollibee Foods Corp.’s profit fell 39% in the first quarter as costs surged, prompting the Philippines’ largest fastfood chain operator to review its targets and spending plan. Shares fell to the lowest in five years.