Profits of Shakey’s pizza jump to P201 million in Q1 2023

SHAKEY’S Pizza Asia Ventures Inc. has reported that its earnings in the first quarter of 2023 reached P201 million, registering an increase of 163 percent compared to the same period in 2022.

It also said its systemwide sales hit P4.2 billion for the first three months this year, up by 88 percent year-on-year.

Revenues for the first quarter this year posted a strong double-digit growth of 94 percent, reaching P3.1 billion.

The group said it had increased its outlets by 85 in the first quarter, resulting in a total of 1,857 outlets by end of March. (PR)