Jollibee Foods Corp. reported a 39% profit decline in the first quarter as costs surged, sending shares to their lowest level in five years. The Philippines' largest fast-food chain operator said it would review its targets and spending plan in response to the margin pressure.

The profit drop reflects broader challenges facing Philippine restaurant companies as input costs climb across the industry. Jollibee operates thousands of stores domestically and internationally, making its quarterly performance a key barometer for consumer spending in the Philippines.

The share decline adds to pressure on restaurant stocks across the region as inflation squeezes margins. Investors will watch closely to see what spending adjustments the company announces.