Yum Brands sales rise 8% in Q1
Worldwide system sales in the quarter ended 31 March grew by 9% at KFC, 8% at Taco Bell and 3% at Pizza Hut
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Yum Brands, the owner of KFC and Pizza Hut, has announced that sales rose by 8% in Q1 despite a “difficult” trading environment over the period.
Worldwide system sales in the quarter ended 31 March grew by 9% at KFC, 8% at Taco Bell and 3% at Pizza Hut.
Reported digital sales hit $6bn (£4.9bn), up 15% year-over-year, with digital mix exceeding 40%.
Over the period, the group added 997 gross units to its portfolio, resulting in 628 net-new units and 6% unit growth year-on-year.
Its KFC Division opened 587 gross new restaurants in 49 countries, while Taco Bell opened 63 sites in 13 countries and Pizza Hut opened 334 gross new restaurants in 40 countries.
David Gibbs, CEO, said “Our system sales grew 8% despite the difficult operating environment, a testament to the demand for our iconic brands and the unmatched operating capabilities of our world-class franchise partners.
“We set a Q1 development record, opening nearly 1,000 gross units. Momentum in our digital sales continued in the first quarter as a result of both continued system sales growth and digital mix expansion, reaching a Q1 record of approximately $6 billion.”
