Shakey’s Q1 income falls 27% on weak consumer spending

MANILA, Philippines – Shakey’s Pizza Asia Ventures Inc. on Thursday reported weaker earnings in the first quarter due to softer consumer spending and ongoing expansion offsetting double-digit sales growth. The Po family-led restaurant operator said on Thursday net income after tax (NIAT) fell 27 percent to P134 million in first quarter, while core NIAT dropped 17 percent. READ: Shakey’s core income down 20% to P952M in 2025 The listed restaurant operator said earnings were pressured by expansion-related investments, demand-generating activities, muted same-store sales and non-recurring network restructuring costs.   “Entering 2026, we prepared for a tough environment, which is now exacerbated by […]... Keep on reading: Shakey’s Q1 income falls 27% on weak consumer spending

Original source: Philippine Daily Inquirer