KFC, Pizza Hut post 4th straight quarterly sales growth in India
4 Aug 2017 4:20 PM GMT
Fast food chains KFC and Pizza Hut have posted 9 per cent and 8 per cent 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 per cent increase in SSG, Pizza Hut recorded a growth of 8 per cent in the June quarter, according to the financial statement of Yum! Brands Inc.
Globally, India contributed one per cent 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 per cent 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.
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