KFC, Pizza Hut operator adds fresh brands to menu to beat demand blues
1 month, 4 weeks ago

KFC, Pizza Hut operator adds fresh brands to menu to beat demand blues

Live Mint  

Devyani International Ltd continues to battle weak consumption demand, especially in urban areas. Same-store sales dropped 6-7% last quarter in key brands KFC and Pizza Hut. While Devyani continues to expand KFC and Pizza Hut franchises in non-metro and tier-2 cities, it is finding it difficult to boost sales commensurately. However, India revenue was up 7% year-on-year, despite a 20% year-on-year store growth, which was offset by weak same-store sales growth across brands, pointed out Motilal Oswal Financial Services. While the Shraadh period, when people avoid non-vegetarian food, typically resulted in leaner fried chicken and pizza sales in Q2, cautious consumer spending amid high food inflation also meant about 12% and 10% on-year drop in average daily sales for KFC and Pizza Hut, respectively.

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History of this topic

Devyani's domestic struggles continue as it integrates Thai acquisition
7 months, 3 weeks ago

Devyani's domestic struggles continue as it integrates Thai acquisition

Live Mint  

Devyani International Ltd’s March-quarter results were adversely affected by muted growth in the Indian market. KFC and Pizza Hut – Devyani's mainstays in India, accounting for more than 60% of total revenue – continued to struggle in Q4 amid lower disposable incomes, weak consumer sentiment, and increased competition for Pizza Hut. The pace of decline worsened in the past quarter, …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
11 months ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

After rough Q2, Devyani International awaits demand rebound
1 year, 1 month ago

After rough Q2, Devyani International awaits demand rebound

Live Mint  

At a time of slowing demand, store closures and lowered sales growth guidance are like cautionary road signs for investors in shares of quick service restaurant operators. View Full Image Same-store sales performance of Devyani’s core brands KFC and Pizza Hut has been subdued in recent quarters. In the September quarter, KFC and Pizza Hut same store sales fell by …

Pizza profits get sliced in the US - Consumers seek budget-friendly bites
1 year, 5 months ago

Pizza profits get sliced in the US - Consumers seek budget-friendly bites

Hindustan Times  

Freshly baked pizzas are facing a challenge as Papa John's reports a 30% drop in profits for the second quarter, marking a decline from $25 million last year to $18 million this year. Inflation bites into appetites Papa John's CEO, Rob Lynch, points the finger at inflation for this downturn, highlighting that escalated prices led to fewer pizzas landing on …

Pizza Hut Australia purchased by US group that owns Taco Bell, Wendy’s locations
1 year, 7 months ago

Pizza Hut Australia purchased by US group that owns Taco Bell, Wendy’s locations

Hindustan Times  

Franchise operator Flynn Restaurant Group is acquiring Pizza Hut Australia, marking the US company’s first international acquisition. Pizza Hut Australia has notched 50 consecutive months of positive same-store sales growth, a key gauge of restaurant momentum, according to the statement. Flynn is buying the Australia franchising license from Sydney‑based private investment firm Allegro Funds, adding 260 Pizza Hut restaurants in …

Fast food chains report profits in US as inflation weighs on pricier restaurants
1 year, 11 months ago

Fast food chains report profits in US as inflation weighs on pricier restaurants

Firstpost  

Amid rising food prices due to inflation, fast food giants have emerged as the winner in the United States in terms of earnings. As per a CNBC report, a pattern has been seen in the food industry, with fast-food chains appealing to a broader section of customers rather than casual-dining ones or pricier restaurants. McDonald’s, for instance, saw its US …

Inflation bites into KFC operator Devyani International’s Q2 margins
2 years, 2 months ago

Inflation bites into KFC operator Devyani International’s Q2 margins

Live Mint  

Devyani International Ltd, the largest franchisee partner for YUM! In Q2, Devyani added 88 net new stores, its ‘highest ever,’ taking the total store count to 1,096. Understandably, sequential growth was soft at 4% despite 8% store additions as consumers shied away from consumption of non-vegetarian food due to 'Shravan' month and ‘Navratra.’ Overall, same store sales growth was healthy …

How Devyani Int. of Pizza Hut dodges high inflation
2 years, 3 months ago

How Devyani Int. of Pizza Hut dodges high inflation

Live Mint  

Devyani International Ltd, the largest franchisee partner for YUM! One of its three core brands, Pizza Hut, has introduced the Flavour Fun range of pizzas starting at ₹79 to make their offering a value for money product. View Full Image On track “Risk for Devyani International emerges from a further rise in prices of raw materials, as this could hurt …

KFC and Pizza Hut report sales growth in India in Q1
5 years, 8 months ago

KFC and Pizza Hut report sales growth in India in Q1

Live Mint  

Fast food company Yum! Brands, Inc on Wednesday said system sales for its KFC and Pizza Hut brands in India grew 26% and 11% respectively for the quarter ended March 31, the company said in its annual earnings release. This is the tenth consecutive quarter of positive system sales growth for both brands in India. “The quarter ending March 2019 …

KFC and Pizza Hut in China: What Western brands do to please diners
5 years, 10 months ago

KFC and Pizza Hut in China: What Western brands do to please diners

CNN  

Hong Kong CNN Business — America’s fast food giants are having to work harder to win over dinersin China. “By being the first Western fast food chain in China, it was an incredibly exciting offering purely by just being KFC,” said Andrew Atkinson, senior marketing manager at consulting firm China Skinny. Photo Illustration: Natalie Leung/CNN More Chinese than Western Many …

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