MANILA — Shakey's Pizza Asia Ventures Inc., the publicly traded restaurant group controlled by the Po family, reported a significant decline in its core earnings for 2025, with net income falling by one-fifth to ₱952 million. The company attributed the drop to a combination of cautious consumer spending and the financial impact of its aggressive expansion strategy.
Despite the profit downturn, Shakey's continued to grow its footprint, opening 351 new outlets last year to reach a total of 2,970 stores worldwide. This expansion contributed to an 11% increase in revenues, which climbed to ₱16.1 billion, while systemwide sales—a measure of total sales across all stores—rose 14% to ₱24.8 billion.
However, the company faced headwinds from "softer consumer demand," particularly in the latter half of the year, as discretionary spending weakened. Same-store sales remained stagnant, with lackluster performance in casual dining partially offset by stronger results from kiosk-based brands like Potato Corner.
Higher costs associated with the rapid store rollout and the subdued sales environment squeezed profit margins, leading to a steeper 32% decline in headline net income, which settled at ₱816 million.
The financial results highlight the challenges of balancing growth investments with profitability in a tightening economic climate.