Shakey's targets double-digit growth despite market uncertainties
Shakey's Pizza Asia Ventures, Inc. (SPAVI) aims for continued double-digit growth in revenue and profit in 2025 despite market uncertainties.
The company reported an 11 percent increase in net income to PHP1.2 billion in 2024, with system-wide sales growing by 17 percent to PHP21.7 billion.
Vicente L. Gregorio, SPAVI's president and CEO, attributed the growth to increased foot traffic during the holiday season, product innovations, and value-driven offerings, noting that blended same-store sales growth reached 4% in 2024.
SPAVI spent PHP953 million in 2024 to open 478 new stores and outlets, expanding its global footprint to 2,619 units with over 100 units established overseas in countries like Thailand, Singapore, and China.
Gregorio expressed optimism for 2025, citing the benefits of past investments, Shakey's 50th anniversary programs, and expanding international opportunities.
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