Max's Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 06:52 am
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Max's Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 2,996.44 million compared to PHP 2,816.71 million a year ago. Net income was PHP 168.32 million compared to PHP 239.2 million a year ago. Basic earnings per share from continuing operations was PHP 0.22 compared to PHP 0.31 a year ago. Diluted earnings per share from continuing operations was PHP 0.22 compared to PHP 0.31 a year ago.
For the six months, revenue was PHP 5,850.18 million compared to PHP 4,983.32 million a year ago. Net income was PHP 245.38 million compared to PHP 280.67 million a year ago. Basic earnings per share from continuing operations was PHP 0.31 compared to PHP 0.36 a year ago. Diluted earnings per share from continuing operations was PHP 0.31 compared to PHP 0.36 a year ago.
Maxâs Group, Inc. is a Philippines-based company, which is primarily engaged in the business of catering food and establishing, operating, and maintaining restaurants, coffee shops, refreshments parlors and cocktail lounges. The Companyâs segment includes food service, commissary, and support services. The food service segment is involved in the operation and preparation of food products to be sold to franchised stores. The commissary segment is involved in the manufacture and wholesale of food products sold to external and related party customers. The support services segment is involved in providing various services mainly to the Company's independent franchisees and related parties. The Company operates under the trade names Maxâs or Maxâs Restaurant, Pancake House, Yellow Cab, Krispy Kreme, Jamba Juice, Maxâs Corner Bakeshop, Dencioâs, Maxâs Kabisera, Teriyaki Boy, Singkit, Sizzlinâ Steak, Le Coeur de France, and Maple.