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KFC

Financing

Taco Bell’s sales surged, thanks to the Mexican Pizza

The Mexican fast-food chain’s same-store sales rose 8% last quarter. But sister chains KFC and Pizza Hut did not fare nearly as well.

Food

Menu launches take on a slower summer pace

Taste Tracker: Cool drinks debut at Applebee’s, Sonic and Caribou Coffee; Velvet Taco and Baja Fresh change up tacos; KFC tests nuggets; it’s a wrap for Arby’s; and more menu news of the week.

The chicken chain, which generated success with its chicken sandwich last year, is serving nuggets made with its Original Recipe in Charlotte.

Yum Brands says a deal to transfer its KFC assets to a local operator is almost done.

The chicken chain joins the wave to tie celebrities into menu promotions.

Despite challenges with omicron, China and Russia’s invasion of the Ukraine, McDonald’s, Burger King, Taco Bell and other brands have seen strong growth in global markets.

The pizza chain’s domestic same-store sales fell 6% and executives blamed a shortage of delivery drivers. Taco Bell and KFC sales both increased.

SOC Investment Group wants other shareholders to vote against a pay package for the KFC owner’s top executives, citing one-time awards based on unit count growth.

Check out the new ad from the chicken chain’s new creative lead agency MullenLowe, “Finger Lickin’ Good.”

KFC owner Yum Brands is also pausing development and assessing its options in the country as restaurants join other businesses in reacting to the invasion of Ukraine.

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