YUM BRANDS
Taco Bell sales fall more than expected on cyclosporiasis outbreak hit
Yum Brands faced a setback in the third quarter as Taco Bell reported declining sales, primarily due to a cyclosporiasis outbreak that sparked customer concerns. While the outbreak severely impacted customer traffic, there was a notable recovery in sales during September and October. Although same-store sales remained flat, falling short of analysts' predictions, the company surpassed profit expectations, boosting investor trust in Yum Brands.
US stocks today: Technology stocks lift S&P 500 as US midterm vote keeps investors on edge
US stocks rise as technology shares lead gains in the S&P 500 during the US midterm elections. Investors track the potential impact of the vote on markets while assessing concerns over artificial intelligence spending. Apple falls after a disappointing outlook, while Palantir declines and Fiserv rallies following its earnings beat.
Pizza Hut, KFC India operator's Q2 loss naarrows sharply on strong same-store sales growth
Devyani International, the parent company of KFC and Pizza Hut in India, has recorded a significant reduction in losses during its second quarter. For the third straight quarter, same-store sales for KFC increased by 4.4%. With revenues climbing by 10.4% to 15.19 billion rupees and expenses only rising 8.3%, Chairman Ravi Jaipuria emphasized the ongoing challenges posed by inflation and increasing interest rates.
CCI approves Adani acquisition of Intellismart
Adani Energy Solutions has received approval to acquire IntelliSmart Infrastructure, establishing a major presence in smart meters. This acquisition will help expand the Adani Group's operations in digital grid modernization efforts. The Competition Commission of India also approved other significant acquisitions in various sectors, highlighting ongoing consolidation in the market. Notable approvals include investments in telecom and quick-service restaurants, enhancing industry efficiency.
An Indiana man lost his father at 5, dropped out of school in 7th grade, and was forced to sell his restaurant at 65, today his brand operates 30,000+ outlets in 150 countries
Harland Sanders and Pete Harman established Kentucky Fried Chicken, which became a global fast-food franchise. KFC opened its first international outlet in London and later expanded into Asia, with Japan and China becoming key markets. By 2018, China had more KFC outlets than the US, which signified major market success. Read on to know the incredible success story of KFC.
Brian Niccol graduated with an engineering degree after running a lawn-mowing business in 1996; 28 years later, he became Starbucks CEO
Brian Niccol graduated from Miami University in Ohio in 1996 with an engineering degree. At the time, his career in business leadership was still decades away. He started out in brand management at Procter & Gamble, moved into the restaurant industry, and eventually led Taco Bell and Chipotle Mexican Grill. 28 years after graduating, Niccol became chairman and CEO of Starbucks in September 2024.
- Go To Page 1
KFC is dropping Pepsi after nearly 40 years: Here’s why and what will replace it alongside your burgers and buckets
Your KFC meal is getting a makeover. Your Pepsi drink will now be replaced by Coca Cola in all US restaurants after four decades and here is why the chain decided to make this move.
Inside McDonald's push to have AI price your Big Mac
McDonald's has implemented artificial intelligence to optimize pricing strategies across its restaurants and franchises. This pricing model analyzes customer willingness to pay, creating variations in prices for identical menu items. Franchisees report pressure to adopt these AI-driven pricing recommendations despite the company's claims of their independence. Concerns regarding antitrust implications are raised as franchises may be seen as competitors.
A Rs 99 bet: India’s QSRs rethink the value game
India's quick-service restaurants are implementing a Rs 99 price point to attract more customers. KFC, McDonald's, and Burger King are focusing on value meals and beverages to drive traffic. The Rs 99 meals aim to entice first-time visitors while creating upselling opportunities. There are concerns regarding the impact of lower average bills on overall profitability. The shift includes innovative approaches like vending pods and targeted advertisements to capture consumer interest.
US declares end of largest recorded cyclosporiasis outbreak
U.S. health officials have officially declared the conclusion of the largest multistate cyclosporiasis outbreak in the nation. This severe incident involved contaminated iceberg lettuce, leading to widespread illnesses and significant food recalls. The outbreak has been traced back to lettuce harvested by Taylor Farms in central Mexico, resulting in over twelve thousand reported cases and two fatalities across twenty-one states.
As China slows, global FMCG and consumer giants from L'Oreal to Nestle bet big on India
India is becoming a key growth focus for global consumer companies. Rising incomes and expanding retail offer major untapped market potential. Companies see opportunities to increase consumption and introduce new products. This shift occurs as China's growth moderates and mature markets show less room. India's large population presents a substantial long-term opportunity for expansion.
Coffee is not enough for America’s new caffeine rush, it ‘can’ be much more: Morgan Stanley
Energy drinks are increasingly replacing coffee for American consumers seeking more energy. Younger demographics are adopting energy drinks and maintaining this habit as they age. Consumers cite more caffeine and convenience as reasons for switching from coffee. Zero-sugar options are attracting new consumers, particularly women, and broadening appeal. Energy drinks are becoming an affordable indulgence, replacing spending on other categories.
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Pizza Hut is set to be sold for $2.7 billion by its parent company Yum Brands. Private equity firm LongRange Capital will acquire the chain outside of mainland China. Yum China will purchase the mainland China business. This move allows Yum Brands to focus on its stronger performing brands like KFC and Taco Bell.
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Pizza Hut is on the brink of transformation as Yum Brands agrees to sell the struggling chain for a hefty $2.7 billion. The deal paves the way for private equity firm LongRange Capital to take control in numerous markets, while Yum China Holdings Inc. will oversee operations in mainland China.
Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source says
Yum Brands is reportedly in exclusive talks with private-equity firm LongRange Capital for a potential sale of its Pizza Hut chain. This move comes as the fast-food industry faces sustained demand weakness, rising inflation, and declining consumer sentiment. Pizza Hut has struggled to keep pace with other Yum Brands units, with U.S. comparable sales declining for ten consecutive quarters.
Pizza Hut closing locations: Pizza Hut to shut 250 US locations as Yum! Brands weighs future of iconic chain
Pizza Hut is set to close 250 underperforming U.S. locations in the first half of 2026 as parent company Yum! Brands conducts a strategic review. This move comes as the pizza chain faces declining same-store sales and struggles against competitors like Domino's. The closures represent about 3 percent of Pizza Hut's U.S. footprint.
Pizza Hut's parent Yum Brands may soon put it up for sale
Pizza Hut may soon be up for sale. Its parent company, Yum Brands, is reviewing strategic options for the pizza chain. Pizza Hut faces challenges in the competitive pizza market, especially in the US. International sales show some growth, but US sales have declined. Yum Brands also owns KFC and Taco Bell, which are performing well.
Yum! Brands appoint Manish Jain as leader of digital and technology India GCC
Yum! Brands has appointed Manish Jain as the leader of its digital and technology (D&T) India global capability centre (GCC). Jain will spearhead the company’s GCC strategy and shared services operations in India. He brings over two decades of experience in global business services and GCC space to the role.
KFC leaving Kentucky: Why the iconic fast food chain is moving to Texas?
KFC is relocating its U.S. corporate headquarters from Louisville, Kentucky, to Plano, Texas, as part of Yum! Brands’ restructuring plan. The move, which will also shift Pizza Hut’s base, has drawn criticism from Kentucky leaders, including Governor Andy Beshear. Despite the transition, Yum! Brands will retain its corporate offices and the KFC Foundation in Louisville, alongside a $1 million scholarship endowment.
KFC India to sell 61 more stores to Jaipuria-owned Devyani International
National Restaurant Association of India estimated the food service industry at Rs 4.2 lakh crore in 2018-19, and forecast to grow 9% by 2022-23 in a report released last month.
Yum Brands prefers Taco Bell to Pizza Hut
Yum Brands is making significant changes at each of its three brands, including downsizing Pizza Hut and stepping up presence of Taco Bell.
Yum China's ready to export Mongolian hot pot to the world
The company will add 600 restaurants a year in China and plans to export its Mongolian hot pot chain that's popular in the country around the world.
Yum! Brands reports 6% Y-o-Y decline in sales of Pizza Hut; KFC drops 1%
Yum Brands, which operates quick service restaurant brands Pizza Hut, KFC and Taco Bell, has changed disclosure levels of earnings.
Yum to return $6.2 bn to shareholders before China separation
Yum Brands Inc said it planned to return up to $6.2 billion to shareholders before completing the separation of its China business, which is expected by the end of 2016.
Operating loss of Yum! Brands Q3 widens to $8 mn in India
Yum! Brands Inc that owns KFC, Pizza Hut chains and Taco Bells has reported widening of operating loss in India to $8 million in the third quarter due to falling same-store sales.
Taco Bell will beat KFC in India: David Novak, CEO, YUM! Brands
Yum! Brands-which operates fast-food chains like KFC, Taco Bell and Pizza Hut-will invest $10 billion in emerging markets by 2020.
Yum! Restaurants eye smaller towns for expansion in India
Yum! Restaurants India, part of Yum! Brands Inc that owns KFC and Pizza Hut chains, is eyeing expansion in smaller towns.
KFC and Pizza Hut parent Yum Brands to serve Mexican tacos with desi flavour
Taco Bell, having been present in India for two years will now boast of 60% localized and vegetarian offerings, a first for the Mexican chain anywhere in the world.
KFC to lead $1billion Yum! target in India; US food giant looks to repeat China story, set for maiden profit
The Indian ops of Yum! Brands will clock profits this year for the first time since it entered the country way back in 1995.
Load More
