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Kentucky Fried Chicken (KFC), a long-established force in the American fast-food chicken market, has been surpassed in ...
KFC’s market share also took a significant dip, dropping from 16.1% to 11.3% in 2023, according to CNBC. While a turnaround is possible, KFC faces a relentless increase in competition.
Taco Bell, KFC and Pizza Hut’s parent company is facing the same problem as its rivals: Fast food is getting too expensive and consumers are pushing back. Yum Brands, which owns all three chains ...
KFC and Pizza Hut parent Yum Brands reported a bigger-than-expected fall in same-store sales for the second quarter as sticky inflation discouraged lower-income Americans from spending on dining out.
Brands reported a worldwide same-store sales decline of 2% compared with the previous year. KFC in particular saw its same-store sales in the United States fall by 5%, Business Insider reported.
Yum! Brands (NYSE:YUM) reported a 2% decline in consolidated same-store sales in Q3 to miss the consensus expectation for a decline of just 0.2%. Worldwide system sales grew 1%, excluding foreign ...
Stock Market News, ... Updated Feb. 7, 2024 at 2:40 PM. KFC, Pizza Hut Sales Decline in the ... The fast-food company on Wednesday reported a 5% decline in sales over the fourth quarter for KFC ...
Consolidated net profit fell to 117.6 million rupees ($1.42 million) for the first quarter ended June 30, from 738.5 million rupees in the year-ago period, according to an exchange filing.