Fruitas nine-month earnings up 35%

Food and beverage retail store Fruitas Holdings Inc. saw a 35% growth in its consolidated net income for the first nine months of the year, on the back of the double-digit growth in its revenues during the period.

In an emailed statement, Fruitas said its net income climbed to P95 million from P70 million last year, as  revenues jumped 19% to P2.121 billion from P1.789 billion, and gross profit rose by 21% to P1.273 billion from P1.054 billion.

“Our performance over the past nine months has been outstanding, both in terms of revenue growth and operational efficiency. This success is a direct result of our unwavering commitment to enhancing our product offerings and delivering the highest-quality world-class,” Fruitas president and chief executive officer Lester Yu said.

Fruitas ended the nine-month period with 851 stores across the country — 732 kiosks, carts, and in-line stores; 105 community stores; and 14 close kitchens and restaurants. Same-store sales growth for the period increased by 10.7% to P135 million.

“As we enter the final quarter of 2024, the Fruitas team is excited to further expand our presence nationwide, making our wide range of Fruitas products even more accessible to our customers,” Yu said.

Fruitas also operates the brands Fruitas Fresh from Babot’s Farm, Buko Loco, Balai Pandesal, Buko ni Fruitas, De Original Jamaican Pattie, Johnn Lemon, Juice Avenue, Black Pearl, Friends Fries, and Sabroso Lechon. — Jon Viktor D. Cabuenas/RSJ, GMA Integrated News