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KFC & Pizza Hut Report 18% Growth In October-December Quarter


In what seems to be a bounce-back of sorts for food services, Yum! Brands, which operates Pizza Hut and KFC restaurants in India, saw strong sales growth for the sixth straight quarter (October-December). This is actually the highest growth reported in 6 quarters for the two brands which is demonstrative of their turnaround being on track.

Back on Track After Demonetisation

Both KFC and Pizza Hut showed an 18% system sales growth according to the quarterly results declared by Yum! Brands on Thursday. System sales growth is jargon for top-line growth. However, Yum! Brands did not share same-store sales growth (SSG), which is sales growth for stores of one year and above, specifically for India.

Yum! did give an overall sense of same-store sales growth for the December quarter, saying international emerging markets (which includes India) saw same-store sales growth of 5 percent for KFC. For developed markets (excluding the US), same-store sales growth was 3 percent for KFC, the company said.

After demonetisation in 2016, it reported SSG of 9 percent for Pizza Hut and 16 percent for KFC. In the March 2017 quarter, sales growth fell to 6 percent for Pizza Hut and 2 percent for KFC, with the June quarter finally showing signs of recovery again.

Compulsive junk food eater, football watcher, and book reader. Hate the unicorn trend, love laughing at my own jokes; also, sometimes I write about food.