Shakey’s to open more stores in second half of the year
Shakey’s Pizza Asia Ventures Inc., the Philippines’ leading chained full-service restaurant, said that for 2019, it expects to open a total of 20 net new stores in the Philippines to end the year with a nationwide store count of 248.
For the second quarter, Shakey’s will particularly open seven more stores, in addition to the one store opened during the first three months of the year.
To be specific, the company had a net addition of one store in the Philippines and one store abroad. This brought its store count to 229 locally and 3 internationally as of end-March 2019.
“We are looking forward to better performance for the balance of the year, with the addition of the Peri brand to our platform and seasonally stronger sales in the second half. We also anticipate the positive effects of strengthened execution across all sales platforms. These include continued improvement in overall guest service and ambiance for dine-in, ease of user experience in delivery and digital, and our increasing presence beyond the typical first-tier cities,” said Vicente Gregorio, President and CEO of Shakey’s.
Internationally, the Company currently has 3 outlets in the Middle East where strong sales there are supported by a large overseas Filipino base.
With two international area development agreements signed up, its total international pipeline is at least 20 outlets over the next few years.