KFC, Pizza Hut post 4th consecutive quarterly growth in India
Fast food chains KFC and Pizza Hut have posted 9 % and 8 % growth respectively in system sales for the second quarter ended June 30, 2017 -- the fourth consecutive quarter of positive sales.
The chains are owned by US-based fast food major Yum! Brands Inc, which also operates Taco Bell in India.
System sales growth (SSG) is a term used in franchising industry to assess growth of a franchised brand and the sales figure excludes foreign currency translation.
While KFC reported a 9 % increase in SSG, Pizza Hut recorded a growth of 8 % in the June quarter, according to the financial statement of Yum! Brands Inc.
Globally, India contributed one % to the total sales of Pizza Hut and KFC markets each.
"The April-June 2017 quarter is our fourth consecutive quarter of positive system sales growth, and we are happy to share that we have posted a 9 % System Sales Growth," KFC India Managing Director Rahul Shinde said in a statement.
"We shall continue to focus on our core products, innovation and value to sustain this positive momentum," Shinde said.
For KFC, China topped contribution to global sales with 26 % and recorded 8 % SSG followed by Asia region with 6 % contribution and 11 % system sales.
Pizza Hut too saw biggest contribution coming from China woth 17 % of total sales. The country posted 6 % system sales growth followed by Latin America contributing 5 % and reporting 6 % SSG.
Based in Louisville, Kentucky, Yum! Brands Inc has nearly 44,000 restaurants in more than 135 countries and territories.
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