Shakey's MANILA, Philippines — Shakey’s Pizza Asia Ventures Inc. saw its first-half profit fall by a third as softer consumer spending, store expansion costs and the restructuring of its
Shakey’s
MANILA, Philippines — Shakey’s Pizza Asia Ventures Inc. saw its first-half profit fall by a third as softer consumer spending, store expansion costs and the restructuring of its Peri-Peri network weighed on earnings.
The restaurant and food kiosk operator said on Thursday its net income after tax (NIAT) declined by 33 percent to P232 million in the first six months of 2026.
READ: Shakey’s resorts to price hikes, store closures
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Net income fell to $15.7 million from $17.1 million a year earlier, even as total revenue hit $417.6 million
The burger chain now expects full-year net income of $45–$55 million, down from a prior target of $50–$60 million
Shake Shack earnings topped estimates as revenue climbed 17.2%, though restaurant margins narrowed and costs rose.
