Compose Coffee acquisition lifts Jollibee Food Corp’s third quarter earnings

The 2,580-store South Korean coffee chain, acquired for $238m in July 2024, strongly contributed to a 20.5% uplift in Jollibee Food Corp’s international sales during the period

Filipino food giant Jollibee Food Corp (JFC) has highlighted its $238m acquisition of South Korea’s Compose Coffee as key to lifting third quarter sales and profits.