Yum! Brands owner of fast food retails in India like KFC, Pizza Hut & Taco bell shows positive response by increase in sales in Q1.
YUM! Brands KFC, Pizza Hut, Taco Bell Sales Rise in India
Yum! Brands Inc., the owner of fast food retail brands KFC, Pizza Hut and Taco Bell, reports its system sales in India grew by 9% for KFC and 8% for Pizza Hut in Q1. This is the fourth quarter in a row the company has reported growth.
Rahul Shinde, MD of KFC India, said, “The April-June 2017 quarter is our fourth consecutive quarter of positive system sales growth, and we are happy to share that we have posted a 9% system sales growth. We shall continue to focus on our core products, innovation and value to sustain this positive momentum.”
Globally, Yum! Brands Inc. reported 1% decline in same store sales at Pizza Hut, leading to a 4% drop in net sales to $1.45 billion during the quarter under review from $1.51 billion in the corresponding quarter previous year.
Yum! Brands Inc. rival in India, Jubilant FoodWorks Ltd that operates Domino’s Pizza and Dunkin’ Donuts outlets in India had reported a 6.5% rise in same-store sales in April-June quarter. Jubilant’s operating revenue grew 11.5% to Rs678.8 crore during the April June 2017 quarter.
Yum! Brands Inc. had, in January-March reported a 2% rise in system sales growth in India. In October-December 2016 quarter, it reported a 16% rise in system sales growth at KFC outlets and 9% at Pizza Hut stores in India.