Jollibee Posts Record Sales as China Business Recovers
Jollibee said same-store sales in China grew 3.9% in the quarter from a year earlier.
Photographer: Veejay Villafranca/BloombergTop Philippine restaurant operator Jollibee Foods Corp. said sales jumped to a record high in the second quarter as its China business recovered and looks set for a turnaround.
System-wide sales, which measures all sales from company-owned and franchised outlets, jumped 19.6% to 114.5 billion pesos ($2 billion) in the quarter ended June from a year ago, Jollibee said in a statement released on Thursday.