The 73-year-old brand’s focus on bone-in chicken — like its iconic red-and-white-striped bucket of fried drumsticks — has left it flailing among younger customers, who are obsessed with boneless white meat
Sapphire Foods shares jumped over 12 percent, reaching a record high, fueled by heavy trading volumes and a significant transaction involving 8.5 lakh shares at Rs 355 per share.
KFC, also from Yum Brands, has reported a growth of two per cent in system sales during the January-March period.
Shares of Jubilant Foodworks were down 7 percent since Yum! Brandsreported Q3CY15 results on October 6. Goldman Sachs believes the correction was due to increased concerns on same-stores-sales growth (SSSG) after Yum! reported negative 18 percent SSSG in India.
Jubilant Foodworks saw a 4 percent fall intraday on Yum Brands' weak same-store sales growth.
Yum! Brands India division sales fell 9 percent on an annual basis while same-store sales growth SSG for 3 brands (KFC, Pizza Hut, Taco Bell) declined by 18 percent from a fall of 4 percent year-on-year. Its operating loss in India in Q3 was up around 2.6 times at USD 8 million versus USD 3 million.
Now a person travelling on train can order KFC meal, while booking ticket through IRCTC from July 20 onwards, under e-catering service initiatives, KFC said in a statement. Presently, this facility is available only on 12 trains passing through New Delhi railway station.
The energy sector, down 1.6 percent, was the worst performer of the 10 major S&P groups as oil prices retreated on concerns increased exports from Iran will add to a global supply glut. Brent settled down USD 1.46 at USD 57.05 while US crude settled down USD 1.63 at USD 51.41 a barrel.
The reorganisation will be effective from January 1 and beginning fiscal year 2014, the company will report results for KFC, Pizza Hut and Taco Bell and for its China and India divisions.
Fast-food chain KFC's parent Yum Brands Inc apologised to customers in China over its handling of a recent food scare that has hit the company's sales in its biggest market.