KFC, Pizza Hut post fourth consecutive quarterly growth in India

By: | Published: August 4, 2017 4:52 PM

Fast food chains KFC and Pizza Hut have posted 9 per cent and 8 per cent growth respectively in system sales for the second quarter ended June 30, 2017 -- the fourth consecutive quarter of positive sales.

kfc, pizza hut, Fast food chains india, kfc business, Pizza Hut business, kfc growth, pizza hut growth sales, kfc sales, Yum! Brands Inc, KFC markets, pizzahut marketsFast food chains KFC and Pizza Hut have posted 9 per cent and 8 per cent growth respectively in system sales for the second quarter ended June 30, 2017 ? the fourth consecutive quarter of positive sales. (Reuters)

Fast food chains KFC and Pizza Hut have posted 9 per cent and 8 per cent growth respectively in system sales for the second quarter ended June 30, 2017 — the fourth consecutive quarter of positive sales. The chains are owned by US-based fast food major Yum! Brands Inc, which also operates Taco Bell in India. System sales growth (SSG) is a term used in franchising industry to assess growth of a franchised brand and the sales figure excludes foreign currency translation. While KFC reported a 9 per cent increase in SSG, Pizza Hut recorded a growth of 8 per cent in the June quarter, according to the financial statement of Yum! Brands Inc. Globally, India contributed one per cent to the total sales of Pizza Hut and KFC markets each.

“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 per cent System Sales Growth,” KFC India Managing Director Rahul Shinde said in a statement. “We shall continue to focus on our core products, innovation and value to sustain this positive momentum,” Shinde said. For KFC, China topped contribution to global sales with 26 per cent and recorded 8 per cent SSG followed by Asia region with 6 per cent contribution and 11 per cent system sales.

You May Also Like To Watch:

Pizza Hut too saw biggest contribution coming from China woth 17 per cent of total sales. The country posted 6 per cent system sales growth followed by Latin America contributing 5 per cent and reporting 6 per cent SSG.
Based in Louisville, Kentucky, Yum! Brands Inc has nearly 44,000 restaurants in more than 135 countries and territories.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition