
The Day of Prailels declined KFC revenues, Nidal Pizza Koch
Yum Brands reported on Tuesday’s disappointing revenues as KFC and Pizza Hut have suffered Declined In the United States.
The company has reported a modified profit for $ 1.44, and lost 1.46 dollars, and the $ 1.93 billion in revenues, less than 1.94 billion dollars.
The famous franchise of Colonel Sanders has been struggling with fried bombs for months, as last year he lost a sufficient market share for competitors who raise the cane and Winzstop that he retreated to the 5 chicken chain in the United States with sales.
The total Yum company – including the results in Pizza Hut – was anxious about the economy that prompted consumers to increase caution and eat less.
The company’s net income – which also owns Taco Bell, usually the star performance – $ 374 million, or $ 1.33 per share, in the second quarter, up from $ 367 million in the previous year.
The company’s sales jumped in the same store, which tracks restaurants only at least 12 months, by 2 % during this quarter.
“I am proud that Yum Brands provided another strong quarter in a harsh consumer environment,” said CEO David Gibs.
This was his last profit call before retiring in October, when financial director Chris Turner will take command.
The sales of the same stores in KFC global restaurants increased by 2 %-but in the United States, sliding by 5 %.
Although the chain tried to increase sales with value options and the elements of the new list, the offers did not resonate with customers.
Meanwhile, pizza -hut sales in the same global stores decreased by 1 % and their sales in American stores decreased by 5 % in the second quarter.
It was likely to have a “insufficient valuable message”, according to Gibbs, where American customers flow to meal deals and value lists.
Gibbs added that the company is rushing to put out new promotional offers.
Taco Bell helped enhance Yum’s profits, and reported the growth of sales in the United States in the United States and 4 %, thanks to the success of the re -launch of crunchy chicken nuggets.
Gibbs said that the total chicken sales have increased by 50 % over the past two years, as the market share was cut off from other fast food chains.
“Most people report negative quarters. Until we had no negative week for Taco Bell,” Gibbs said on Tuesday.
In the second quarter, the number of Yum restaurants in its companies increased by 3 % with 871 new sites – most of them are from KFC international restaurants.
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