Jollibee was the leading limited-service restaurant in the Philippines in terms of sales in 2022. In that year, the restaurant chain generated sales of approximately 605 million U.S. dollars. Its closest competitor, McDonald's, had total sales of about 348 million U.S. dollars that year.
Bringing happiness in the Philippines and abroad
Known for its Jolly Spaghetti and Chickenjoy, Jollibee managed to maintain its position as the country’s largest fast-food chain brand, operating a network of 1,400 stores nationwide and close to a hundred locations abroad. Managed by the Jollibee Foods Corporation, the restaurant chain gradually expanded to various international locations in Southeast Asia, the Middle East, North America, and Europe. Two other limited-service restaurants owned by the Jollibee Foods Corporation made it to the list.
The state of the country’s QSR industry
As with other foodservice segments, the quick-service restaurant (QSR) industry in the Philippines recorded massive revenue losses in 2020 compared to the previous year. The decrease was attributed to the COVID-19 pandemic, which resulted in heightened social distancing measures, causing reluctance in visiting restaurants among Filipinos. Limited dining capacity was also imposed to curb the infections, contributing to minimal revenue. The QSR industry in the Philippines has shown improvement in revenue in 2022, which was forecast to continue increasing in 2023.
Leading limited-service restaurants in the Philippines in 2022, by sales
(in million U.S. dollars)
According to the source, the sales figures were derived from the restaurants' percentage share in the industry. This figures may differ from the reported annual sales of the companies.
Figures have been rounded.
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USDA Foreign Agricultural Service. (October 4, 2023). Leading limited-service restaurants in the Philippines in 2022, by sales (in million U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1288386/philippines-leading-quick-service-restaurants-by-sales/
USDA Foreign Agricultural Service. "Leading limited-service restaurants in the Philippines in 2022, by sales (in million U.S. dollars)." Chart. October 4, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1288386/philippines-leading-quick-service-restaurants-by-sales/
USDA Foreign Agricultural Service. (2023). Leading limited-service restaurants in the Philippines in 2022, by sales (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1288386/philippines-leading-quick-service-restaurants-by-sales/
USDA Foreign Agricultural Service. "Leading Limited-service Restaurants in The Philippines in 2022, by Sales (in Million U.S. Dollars)." Statista, Statista Inc., 4 Oct 2023, https://www.statista.com/statistics/1288386/philippines-leading-quick-service-restaurants-by-sales/
USDA Foreign Agricultural Service, Leading limited-service restaurants in the Philippines in 2022, by sales (in million U.S. dollars) Statista, https://www.statista.com/statistics/1288386/philippines-leading-quick-service-restaurants-by-sales/ (last visited October 31, 2024)
Leading limited-service restaurants in the Philippines in 2022, by sales (in million U.S. dollars) [Graph], USDA Foreign Agricultural Service, October 4, 2023. [Online]. Available: https://www.statista.com/statistics/1288386/philippines-leading-quick-service-restaurants-by-sales/