{
  "id": 555564,
  "title": "Jollibee looks to slow global expansion plans as higher costs bite",
  "url": "https://urgent.news/2026/08/11/jollibee-looks-to-slow-global-expansion-plans-as-higher-costs-bite",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-11T09:19:46.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/retail/jollibee-looks-to-slow-global-expansion-plans-as-higher-costs-bite-1.500637210"
  },
  "original_language": "en",
  "account": "Dubai-based Jollibee Foods Corp., the Philippines' largest fast-food group, is scaling back its 2026 expansion and spending targets due to a higher cost environment heightened by the Middle East conflict, according to a company filing. The corporation, renowned for its Chickenjoy fried chicken and sweet-style spaghetti, now intends to open 1,000 to 1,100 stores this year, a decrease from the previously anticipated 1,200 to 1,300 outlets. This reduction signifies a 15% lessening of the upper bound of its planned store openings. Jollibee has also lowered its capital expenditure forecast to between 13 billion and 15 billion pesos, down from 16 billion pesos previously announced in March. The revised earnings growth forecast for the period is now projected to range between 10% and 15%, as opposed to the earlier forecast of 15% to 18%. Despite the reduction, Jollibee remains committed to substantial expansion in 2026, with 20 brands spanning across 33 countries. The company currently operates more than 10,700 stores and cafes. The revised expansion plan would increase their store count by about 9% to 10%, excluding any store closures or modifications to their portfolio. Jollibee's financial performance improved in the second quarter of the year, with net income up 5.7% to 3.4 billion pesos and revenue increasing by 10.7% to 85.9 billion pesos. This improvement was largely attributed to the implementation of pricing actions, productivity enhancements, and cost management initiatives beginning in April. However, the company remains cautious about costs and the pace of new store openings.",
  "summary": "Dubai: Jollibee Foods Corp., the Philippines’ largest fast-food group and one of the country’s most internationally recognised restaurant businesses, has cut its 2026 expansion and spending targets as it navigates a higher-cost environment amid the Middle East conflict. Get updated faster and for FREE: Download the Gulf News app now - simply click here. The company, known for its Chickenjoy fried…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}