earnings

Financing

Yum Brands has been on a building tear coming out of the pandemic

Nearly 25% of the global locations for the company’s brands KFC, Taco Bell, Pizza Hut and Habit have been built over the past three years.

Financing

Low-income consumers are apparently flocking to Taco Bell

Some fast-food chains are losing customers to grocers over pricing issues. But the Mexican chain is apparently gaining them.

The owner of KFC, Taco Bell and Habit Burger is bringing in the self-ordering devices as its digital system sales hit $30 billion.

Healthy transaction gains for both the fourth quarter and the year indicate that guests feel they are getting their money's worth, said CEO Brian Niccol.

Same-store sales rose 4.3% in the U.S., thanks to marketing, operations and its growing loyalty program. But sales came thanks to higher prices rather than traffic. And the chain saw sales challenges in the Middle East.

The company acknowledged that lower-income consumers are eating at home more often, largely because of moderate price hikes at grocers. Here’s how the fast food giant plans to respond.

The Bottom Line: The coffee shop giant said its problems with occasional customers last quarter were “transitory.” Fixing that problem will be a big challenge.

Parent company Rave Restaurant Group said it made about $600,000 during its second quarter, about twice its net income from a year ago.

The coffee shop chain sells a lot of gift cards, has plans for late-night delivery and new product introductions. And young people like their beverages cold.

Customers gravitated toward more affordable menu items late last year, but the brand said underlying trends are strong.

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