KFC
Yum CEO David Novak takes on KFC's weak results
Lagging sales at KFC prompted David Novak, chief executive officer of parent Yum! Brands, to unleash of string of criticisms of the fast-food chain this morning during a conference call with analysts.
“Taco Bell and Pizza Hut are winning, and KFC is losing,” Novak said of Yum’s three biggest brands. “We have a lot of work to do at KFC.”
A lack of new ideas and menu items at the chicken chain’s U.S. restaurants contributed to lagging profits in the three months ending June 14, Novak said. Yum’s overall net income for the quarter rose 4 percent to $224 million, but he said KFC’s disappointing results have “taken the bloom” off an otherwise good year so far.
“Taco Bell and Pizza Hut are winning, and KFC is losing,” Novak said of Yum’s three biggest brands. “We have a lot of work to do at KFC.”
A lack of new ideas and menu items at the chicken chain’s U.S. restaurants contributed to lagging profits in the three months ending June 14, Novak said. Yum’s overall net income for the quarter rose 4 percent to $224 million, but he said KFC’s disappointing results have “taken the bloom” off an otherwise good year so far.
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
精选企业
Related News
十月 28, 2024
Himalaya Food International Limited: 60,000 TPA French Fry Plant Set to Launch by March 2025
八月 26, 2024
The potato: a guarantee for regional food security and prosperity
六月 27, 2024
J&J Green Paper implements its sustainable packaging initiative Janus® with largest independent McDonalds franchisee in the world
Latest News
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
