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KFC Rises To Top of Yum Brands Financials In 2003 Q2 Report
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Shannon Hennessy Promoted to The Habit Burger Grill Division CEO
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(Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as the company's KFC value deals and $2 Taco Bell burritos pulled in more inflation-weary consumers to its restaurants. Yum's shares rose 1.6% in morning trading. Menu price hikes at dine-in restaurants to keep up with surging costs have pushed consumers who want to eat out, but not exhaust their wallets, to fast food chains like KFC and Taco Bell where meals are more affordable and promotions more frequent.
Yum Brands! Names Aaron Powell As Pizza Hut Division CEO
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KFC saw its sales soar during lockdown in the US
Credit: Sutcliffe News /Features
A surge in demand for comfort food amid the coronavirus pandemic has caused a nationwide chicken shortage in the United States.
The popularity of fried chicken, from sandwiches and tenders to nuggets and wings, has ballooned so much that chains including KFC are struggling to keep up.
North Carolina-based chicken-and-biscuits chain Bojangles reported outages of tenders across its 750 locations.
“We’re experiencing a system-wide shortage. But they will be back soon,” Bojangles’ corporate Twitter account wrote earlier this week in response to a customer frustrated by being unable to find the company’s chicken tenders.