Shakey’s Pizza Asia Ventures Inc. (SPAVI), the Philippine-based company known for its Shakey’s pizza chain and Potato Corner snack outlets, is aggressively expanding its global presence. The company revealed plans to open more than 430 new stores this year, signaling strong confidence in its brand and a strategic push to strengthen its market position both locally and internationally.
In the first quarter of 2025, SPAVI opened 52 new locations, most of which were Potato Corner branches. This continued growth highlights Potato Corner as a key driver of the company’s international expansion.
According to SPAVI’s latest earnings report, the company now operates 2,671 stores worldwide. Nearly 20% of these outlets are outside the Philippines, reflecting its increasing global footprint.
“Our store network expansion is on track, and we expect to accelerate in the coming months,” said SPAVI President and CEO Vic Gregorio. “We are especially encouraged by the progress in our international business, which is becoming a significant contributor to our future growth.”
Same-store sales rose 2% year-on-year in the first quarter. When adjusted for a leap year trading day and an earlier Easter holiday in 2024, the normalized same-store sales growth was a stronger 4%. This growth was supported by product and menu improvements introduced in the previous year.
The quarter also marked the beginning of Shakey’s 50th anniversary celebrations. The year-long event will include multiple campaigns aimed at boosting brand engagement and deepening its connection with diverse customers.
SPAVI’s portfolio includes the heritage Shakey’s brand, the popular Potato Corner kiosks, and newer concepts like Peri-Peri Charcoal Chicken, R&B Milk Tea, and Project Pie.
The company’s ambitious expansion aligns with its optimistic outlook, targeting double-digit growth in sales and profits throughout 2025. This forecast relies on the strength of its established brands and ongoing network growth.
SPAVI reported global systemwide sales of 5.6 billion pesos (approximately US$100.7 million) in the first quarter—a 17% increase compared to the previous year. Operating income grew by 15% to 3.5 billion pesos (US$62.9 million), keeping pace with the group’s 14% revenue rise.
“Such scale brings both opportunity and responsibility,” Gregorio added. “As we make strategic investments to drive our businesses forward, we remain committed to achieving a compounded double-digit annual growth rate over the next five years and solidifying our leadership in our key markets.”
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