Shakey’s Q1 earnings down 15% on higher operating expenses

MANILA, Philippines — Higher operating expenses weighed down the first-quarter earnings of the Po family’s listed food service firm Shakey’s Pizza Asia Ventures Inc. by 15 percent to P171 million as it worked to capture demand in a soft market. Revenues of Shakey’s, the operator of Shakey’s Pizza, Peri-Peri Charcoal Chicken and Potato Corner, inched
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