[1/2]A Kentucky Fried Hen (KFC) bucket of combined fried and grilled hen is seen on this image illustration taken April 6, 2017. REUTERS/Carlo Allegri/Illustration/File Picture
Aug 2 (Reuters) – Yum Manufacturers (YUM.N) topped market estimates for quarterly comparable gross sales and revenue on Wednesday, as cheaper meals and promotional affords at its KFC eating places drew in additional prospects whereas easing value pressures boosted margins.
Yum Manufacturers has attracted extra lower-income customers who've been most hit by inflation via aggressive promotions and affords, whereas an array of recent menu merchandise launches throughout its manufacturers have additionally helped enhance site visitors.
At KFC, Yum Manufacturers has banked on new launches, comparable to its hen nuggets launched in March, and cheaper meal choices just like the $5 Mac & Cheese Bowls and the 2-for-$5 fried hen wrap affords, which helped quarterly comparable gross sales rise 13%, higher than estimates of 8.29%.
In the meantime, Taco Bell's second-quarter identical retailer gross sales grew 4%, in contrast with expectations of a 4.18% rise.
Identical-store gross sales on the firm, which additionally owns the Pizza Hut chain, rose 9%, in contrast with analysts' estimates of a 7.01% improve, in line with Refinitiv IBES knowledge.
Excluding gadgets, Yum Manufacturers earned $1.41 per share, above estimates of $1.24 per share.
Reporting by Deborah Sophia in Bengaluru; Modifying by Shinjini Ganguli
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