Shakey’s Pizza Asia Ventures Inc. saw its bottom line breach pre-pandemic levels in 2022 as the company doubled its systemwide sales due to higher consumer spending.
The casual dining chain and food service operator on Monday reported an P874-million net income. Systemwide sales doubled to P14.1 billion, and exceeded 2019 levels by 36%.
“I am humbled to say that PIZZA has fully bounced back, above and beyond… In the face of uncertainty, we remained true to our vision of building a strong roster of Wow Brands that can deliver long-term, sustainable growth, prudently investing in opportunities that came our way,” he added. Its brands include Peri-Peri Charcoal Chicken and Sauce Bar, R&B Milk Tea, Project Pie, and Potata Corner.
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