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Top related persons:
Yum - 2 Taco Bell - 2 It's - 2 McDonald's - 2 it's - 1 January's snowstorms - 1 we've - 1 Ian Borden - 1
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U.S Richmond , California China Dupont Circle Washington Pizza Australia Canada
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KFC - 3 Taco Bell - 2 Yum Brands - 2 Brands - 2 LSEG - 1 Starbucks Workers - 1 D.C - 1 Starbucks - 1

Search resuls for: "KFC's U.S"


4 mentions found


☆ Yum Brands reports mixed results as Pizza Hut and KFC same-store sales fall
  + stars: | 2024-08-06 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Yum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. Yum's same-store sales fell 1% in the quarter as both Pizza Hut and KFC reported same-store sales declines of 3%. And although the chicken chain's system sales picked up this quarter in China, its largest market, KFC's overall international same-store sales fell 3%. Pizza Hut's U.S. same-store sales decreased 1%, while its international same-store sales declined 4%.
Persons: Yum, Taco Bell Organizations: Taco Bell, Yum Brands, KFC, LSEG Locations: Richmond , California, U.S, China
☆ Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
  + stars: | 2024-05-01 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +5 min
Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. Starbucks said bad weather dragged its same-store sales lower. Wingstop , Wall Street's favorite restaurant chain, reported its U.S. same-store sales soared 21.6% in the first quarter. This marks the second consecutive quarter that Burger King reported stronger U.S. same-store sales growth than McDonald's.
Persons: It's, McDonald's, it's, Taco Bell, January's snowstorms, we've, Ian Borden, Wall, International's Popeyes, Chris Kempczinski, Laxman Narasimhan, Narasimhan, David Gibbs, Taco, Yum, Burger, – Organizations: Starbucks Workers, D.C, Starbucks, KFC, Yum Brands, Taco, Bureau of Labor Statistics, Taco Bell, Brands Locations: Dupont Circle, Washington, Pizza, U.S, Australia, Canada, Germany, Japan, Taco
☆ US sanctions authority delayed KFC's Russia exit -franchise owner
  + stars: | 2023-09-25 | by ( Elena Fabrichnaya | ) www.reuters.com   time to read: +3 min
It's OFAC office issued compliance guidance to the industry regarding the exit tax in the form of FAQs, or frequently asked questions, on Feb. 24, 2023, while negotiations on KFC's exit deal were still ongoing. The deal included all its Russian KFC restaurants, operating system and the trademark for the Rostic's brand. Once the buyers were approved, taking this new requirement into account, another one appeared - the budget contribution termed an "exit tax" by Washington - Levin said. "The closure was delayed again, the correct procedure on paying the exit tax was agreed," Levin said. Former KFC restaurants began opening in April as Rostic's, reviving a brand born soon after the collapse of the Soviet Union.
Persons: Maxim, Sergei Levin, Levin, McDonald's, It's, Konstantin Kotov, Andrey Oskolkov, Elena Fabrichnaya, Alexander Marrow, Matt Scuffham, Timothy Gardner Organizations: Brands Inc, KFC, REUTERS, U.S . Office, Foreign Assets Control, Brands, Treasury, Smart Service, Russian KFC, Washington, Soviet Union, Rostic's, Thomson Locations: Russia, Moscow, Ukraine MOSCOW, U.S, Unirest, KFC's U.S, Ukraine, Russian, Soviet
☆ Senior KFC executives opt for retirement as interest rates hit pension payouts, Wall Street Journal reports
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +1 min
Oct 15 (Reuters) - Three senior KFC executives have notified the U.S. fried chicken chain's parent company Yum Brands Inc (YUM.N) that they will take early retirement as rising interest rates threaten to dent lump sum payouts for corporate pensions, the Wall Street Journal reported on Saturday. KFC and Yum Brands did not immediately respond to Reuters' requests for comment. Register now for FREE unlimited access to Reuters.com Register"Because of these interest rates, some associates across Yum! and its brands who qualify for pensions have decided to retire in 2022," the report quoted one of the KFC messages as saying. A fourth straight 75-basis-point interest rate hike is expected next month after data on Thursday showed inflation accelerating faster than expected in September.
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