MANILA, Philippines — Figaro Coffee Group Inc. (FCG) sustained its momentum in the third quarter of its current fiscal year, delivering a five percent rise in net income to P105 million on the back of higher revenues.
FCG reported revenues of P1.3 billion for its fiscal third quarter ending March 2024, up by 27 percent from same quarter last year.
The Figaro Coffee Group, a stalwart in the Philippine food and beverage industry, proudly presented its quarterly financial report for the period spanning October 1 to December 31, 2023, demonstrating robust growth and a solid financial standing. The company saw improvements in top-line sales, bottom-line margins, enhanced store operations, strengthened commissary capacities, and laid the groundwork for further growth in the future.
Businessman Jerry Liu’s Figaro Coffee Group, the operator of Angel’s Pizza and Figaro cafes, is making a final expansion push after reaching a milestone of 200 stores. In a stock exchange filing on Friday, Figaro Coffee brand and partnership director Ace Azarraga said the company plans to open 16 more outlets before the end of 2023. The company’s 200th store, an Angel’s Pizza branch, recently opened in Cabuyao, Laguna.
THE Philippine Stock Exchange (PSE) is adding three newly listed companies to the composition of sector indices but is keeping unchanged the 30-constituent main index, it said over the weekend.
In a media release, the exchange said Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT), and Raslag Corp., which held their initial public offering in the previous year, will be included after a composition review.
MANILA – Monde Nissin Corp said on Thursday it would acquire 15 percent of Figaro Coffee Group Inc for P820.3 million.
The acquisition is equivalent to P1 per share, the Lucky Me instant noodle maker told the stock exchange.
IF there is one industry that has survived the ECQ (enhanced community quarantine), it’s the food business. Because when every member of the family is home, what else would they do except eat?
Our obsession with coffee is seemingly boundless. We are always on the lookout for new methods to brew the perfect cup and new flavors to try. On the other hand, a classic brew is one of the most comforting smells and flavors our senses can claim to behold. One of the experts in the industry tells us where Figaro is at in the local coffee culture.
