Jollibee Calls China Lockdown "Temporary Setback", Plans Expansion

The video discusses the company's recent earnings, highlighting a strong performance with revenue growth surpassing 2019 levels. It outlines the goal of achieving a 50/50 sales split between domestic and international markets, with a focus on expanding in China. The impact of inflation on pricing strategies is addressed, emphasizing cost efficiency to avoid passing costs to consumers. The video also covers the effects of COVID-19 on business operations and the recovery process, particularly in China, where consumer behavior and payment trends are evolving.

What was the company's revenue for the first nine months of the year?

• 175 billion pesos

• 200 billion pesos

• 190 billion pesos

• 155 billion pesos

What is the company's target for the revenue split between domestic and international markets?

• 40-60

• 70-30

• 60-40

• 50-50

How has the company responded to inflation in terms of pricing?

• Increased prices significantly

• Passed all costs to consumers

• Improved internal efficiencies

• Stopped price increases

Why did the company decide to pull out Dunkin' Donuts from China?

• Regulatory issues

• Low sales

• Focus on larger businesses

• High competition

How many new stores is the company planning to open in Greater China by the end of 2023?

• 100

• 50

• 75

• 150

What percentage of recovery has the company achieved in China compared to pre-COVID levels?

• 50-60%

• 70-80%

• 80-90%

• 60-70%

What is the prevalent payment method in mainland China according to the transcript?

• Cash

• Credit cards

• E-commerce

• Mobile apps