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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.
