Coffee chains boost Jollibee’s revenues, but CBTL store count falls

Jollibee Foods Corporation credits its coffee and tea chains as strong contributors to its positive second quarter sales – but outlet growth for its largest coffee chain, The Coffee Bean & Tea Leaf, continues to stall

The Coffee Bean & Tea Leaf's current footprint marks a decline from the 1,189 stores in operation in 2019| Photo credit: CBTL

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