Robust sales drive Shakey's net to P1B

By Brix Lelis

Apr 16, 2024 12:22 am

SHAKEY'S Pizza Asia Ventures Inc. saw its net income grow 23 percent to P1.08 billion last year, from P874.4 million in 2022, on the back of continued healthy foot traffic that boosted full-year sales.

Consolidated revenues rose 39 percent year on year to P14.13 billion, while systemwide sales climbed by 32 percent to P18.64 billion despite macroeconomic headwinds, the listed restaurant chain operator said on Monday.

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