"JFC, which includes restaurant brands such as Smashburger and The Coffee Bean & Tea Leaf, is currently traded as a single group on the Philippine Stock Exchange and operates in 33 countries. Over the past 15 quarters, JFC's international network has posted a 26.7% compound annual growth rate, outpacing the group's overall 15.1% rate of expansion. The separation reflects increasingly distinct strategic profiles for the domestic and international businesses, Shin said."
""I think there's a fact that we can all agree on: the U.S. capital markets have deep investor-based experience in valuing global consumer and restaurant growth companies," Shin said on the call. Many such companies are still growing into their potential yet are often rewarded with higher multiples and valuations, he said. While that outcome is not guaranteed for JFC, a U.S. listing offers greater capital depth, liquidity, and broader analyst coverage, with any final decision subject to valuation and required approvals, he added."
Jollibee Foods Corporation plans to spin off its international operations and pursue a U.S. initial public offering targeted for late 2027. The company operates in 33 countries and includes brands such as Smashburger and The Coffee Bean & Tea Leaf. JFC's international network posted a 26.7% compound annual growth rate over 15 quarters, outpacing the group's 15.1% overall expansion. Jollibee launched its first U.S. franchising program in March 2025 and had more than 100 North American locations by early 2026. A U.S. listing aims to provide deeper capital, greater liquidity, and broader analyst coverage, subject to valuation and approvals.
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