Earnings Call Summary | JOLLIBEE FOODS CORP(JBFCF.US) Q4 2023 Earnings Conference
Earnings Call Summary | JOLLIBEE FOODS CORP(JBFCF.US) Q4 2023 Earnings Conference
The following is a summary of the Jollibee Foods Corporation (JBFCF) Q4 2023 Earnings Call Transcript:
以下是喬利比食品公司（JBFCF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Jollibee reported system-wide sales of PHP94.2 billion in Q4, which is 9.6% higher than the previous year.
The company made record-setting full-year system-wide sales of PHP345.3 billion, up by 16.3%.
Revenues for the year reached a record high of PHP244 billion, a 15.2% year-on-year growth.
Gross profit for the Q4 hit a record high of PHP13.1 billion, a 16.6% hike from the previous year; the gross profit margin rate stood at 19.7%.
Unfortunately, operating income was down 41% from Q3 due to timing differences in OpEx recognition, but the full year operating income was PHP14.4 billion, a 45% increase from the previous year.
Jollibee報告稱，第四季度全系統銷售額爲942億菲律賓披索，比上年增長9.6％。
該公司全年全系統銷售額創歷史新高，達到3,453億菲律賓披索，增長16.3％。
該年度的收入創歷史新高，達到 PHP244 億美元，同比增長15.2％。
第四季度的毛利潤創歷史新高，達到131億菲律賓披索，比上年增長16.6％；毛利率爲19.7％。
不幸的是，由於運營支出確認的時間差異，營業收入較第三季度下降了41％，但全年營業收入爲144億菲律賓披索，比上年增長45％。
Business Progress:
業務進展：
Jollibee opened 658 new stores during the year, marking a 6.3% network growth.
The Jollibee brand achieved recognition as the second fastest-growing restaurant brand in the world.
Future growth is expected to be driven by international expansion, growth of coffee and tea businesses, franchising efforts in China, and consistent growth and market leadership in the Philippines.
The company aims to triple its net income after tax in five years and plans to accelerate digital transformation to enhance operational efficiency and customer experience.
The company acknowledged issues with its CBTL brand in North America, with plans for adjustment in 2024.
40% of planned store openings in 2024 will be of the coffee and tea segment; international sector and coffee business will account for the rest of the openings.
The company aims to expand Jollibee US franchises, boost profitability in its Smashburger chain and aims to shift from company-owned to franchised stores, targeting about 80% of franchised stores globally by 2025.
A target of 500 stores, mainly franchises, in the U.S. has been set for 2025.
There's a focus on achieving a consistent financial performance with a higher average daily sale (ADS) target and a shift towards a higher gross margin model.
Jollibee在年內開設了658家新門店，標誌着網絡增長了6.3％。
Jollibee品牌被公認爲全球增長第二快的餐廳品牌。
未來的增長預計將受到國際擴張、咖啡和茶葉業務的增長、中國的特許經營努力以及菲律賓的持續增長和市場領導地位的推動。
該公司的目標是在五年內將其稅後淨收入提高三倍，並計劃加快數字化轉型，以提高運營效率和客戶體驗。
該公司承認其CBTL品牌在北美存在問題，並計劃在2024年進行調整。
2024年計劃開設的門店中有40％將屬於咖啡和茶葉細分市場；國際部門和咖啡業務將佔其餘的開業量。
該公司的目標是擴大Jollibee美國的特許經營權，提高其Smashburger連鎖店的盈利能力，並計劃從公司自有門店轉向特許經營門店，目標是到2025年全球約80％的特許經營門店。
已設定到2025年在美國開設500家門店，主要是特許經營門店的目標。
重點是通過更高的平均每日銷售額（ADS）目標和向更高的毛利率模式轉變來實現穩定的財務業績。
More details: JOLLIBEE FOODS CORP IR
更多詳情： JOLLIBEE 食品公司 IR
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