Jollibee Foods' Topline Growth Likely to Stay Resilient -- Market Talk

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Jollibee Foods' Topline Growth Likely to Stay Resilient -- Market Talk

Dow Jones03-19 14:43

0642 GMT - Jollibee Foods' topline growth is likely to stay resilient, given stable consumer demand in short- to medium-term, Maybank Securities' Daphne Sze says in a research report. The quick-service restaurant operator's global system-wide sales should grow 15.1% this year, while its international business Ebitda is underpinned by the coffee and tea segment and North America, the analyst says. However, the brokerage cuts its 2026 and 2027 net-income forecasts for the Philippine company by 9% and 12%, respectively, to partly reflect higher cost of inventories. It lowers the stock's target price to PHP311.00 from PHP325.00 with an unchanged buy rating. Shares are 3.0% higher at PHP183.60. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 02:43 ET (06:43 GMT)

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The quick-service restaurant operator's global system-wide sales should grow 15.1% this year, while its international business Ebitda is underpinned by the coffee and tea segment and North America, the analyst says. However, the brokerage cuts its 2026 and 2027 net-income forecasts for the Philippine company by 9% and 12%, respectively, to partly reflect higher cost of inventories. It lowers the stock's target price to PHP311.00 from PHP325.00 with an unchanged buy rating. Shares are 3.0% higher at PHP183.60. 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