Shakey's Pizza Asia Ventures, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:57 am EST
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Shakey's Pizza Asia Ventures, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 3,340.8 million compared to PHP 2,596.34 million a year ago. Revenue was PHP 3,456.86 million compared to PHP 2,693.17 million a year ago. Net income was PHP 256.8 million compared to PHP 204.24 million a year ago. Basic earnings per share from continuing operations was PHP 0.15 compared to PHP 0.12 a year ago. Diluted earnings per share from continuing operations was PHP 0.15 compared to PHP 0.12 a year ago.
For the nine months, sales was PHP 10,017.29 million compared to PHP 6,501.04 million a year ago. Revenue was PHP 10,357.8 million compared to PHP 6,773.03 million a year ago. Net income was PHP 745.81 million compared to PHP 454.36 million a year ago. Basic earnings per share from continuing operations was PHP 0.44 compared to PHP 0.27 a year ago. Diluted earnings per share from continuing operations was PHP 0.44 compared to PHP 0.27 a year ago.
Shakey's Pizza Asia Ventures Inc. is a Philippines-based company, which is engaged in a chained pizza full-service restaurant, a chained full-service restaurant, and chained kiosks. The Companyâs segments include restaurant sales, franchise and royalty fees, and commissary sales. The restaurant sales segment is engaged in restaurant activities and the sale of merchandise and equipment to franchisees. The Franchise and royalty fees segment represents payment of sub dealers for the use of the Shakeyâs, Peri-Periâs, and Potato Corner brands. The Commissary segment comprises third party sales other than activities. The Company operates approximately 300 stores. Its brands include Shakey's Pizza Parlor, Peri-Peri Chicken Charcoal Chicken and Sauce Bar, Potato Corner, Project Pie, R&B Team, and Bakemaster Inc. Shakey's Pizza Parlor owns and operates Company-owned stores as well as franchises the brand, enabling the Company to branch out to second- and third-tier cities.