Casual dining restaurant operator Max’s Group Inc. (MGI) on Monday reported a 38% growth in its 2022 bottom line, as the company reported stronger performances of its brands during the year.
Casual dining restaurant operator Max’s Group Inc. on Monday reported a 38% growth in its 2022 bottom line, as the company reported stronger performances of its brands during the year.
The company attributed the jump to its core portfolio of brands, with Max’s Restaurants and Pancake House recording sales boosts as restrictions were relaxed further. MGI’s portfolio also includes Yellow Cab Pizza Co., Krispy Kreme, Jamba Juice, Max’s Corner Bakery, Teriyaki Boy, Dencio’s, Sizzlin’ Steak, Maple, Max’s Kabisera, Le Coeur De France, and Singkit.
Systemwide sales for the year jumped by 41% to P17.60 billion from P12.52 billion, while consolidated revenues increased by 44% to P7.64 billion.
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