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Bloomberg Markets

Jollibee Shares Drop to Five-Year Low as Profit Sinks 39% on CPI

Jollibee Shares Drop to Five-Year Low as Profit Sinks 39% on CPI
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Jollibee Foods Corp.’s profit fell 39% in the first quarter as costs surged, prompting the Philippines’ largest fastfood chain operator to review its targets and spending plan. Shares fell to the lowest in five years.

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Bloomberg Markets

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