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The Fad Diet. Nothing exemplifies the American obsession with quick fixes more than the seemingly endless…
Is KFC Planning To Trim Its Feathers?
From feeds.thebigmoney KFC might close 10 percent of its U.S. stores to increase profit margins, the chief of parent company Yum Brands said on Wednesday. Well, it could be 10 percent. Or it could be more. Or less. Or none. But Chairman and CEO David Novak said during a conference call with industry analysts:”I’d rather have 4,500 great-looking KFCs than 5,000 with 500 looking at being drive-by assets.” Meaning not that people would shoot at them from cars but that people would keep driving until they saw the Golden Arches. Is he just floating the idea for now to gauge reaction? It’s hard to say. Wall Street traded Yum’s shares down on Wednesday. Such a reduction would be a major step for the chain, not to mention the franchises whose stores would be closed. Yum owns just 853 of its 5,040 KFC outlets. The chain’s U.S. revenue fell by 7 percent in the second quarter. Meanwhile, business is going gangbusters in China, where Yum’s total profits rose 33 percent in the same period. That came mainly from KFC, which is opening new stores there at a fast clip. Yum’s other two chains, Pizza Hut and Taco Bell, are doing better. The company says that’s because they serve cheaper food, and people are still hunting bargains. Motorcycle Accident Attorneys Orange County
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