_fast-food-restaurants-reports-decline-in-same-store-sales-reflecting-inflation-and-consumer-pressures.jpg "Fast Food Restaurants Reports Decline in Same-Store Sales, Reflecting Inflation and Consumer Pressures from model vertical love store Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:48
👁 View: 1.2M times
✓ Published: 04-May-2024
👁 View: 1.2M times
✓ Published: 04-May-2024
Description:
Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_dnd-at-national-security-adviser-pinasinungalingan-ang-pahayag-ng-chinese-embassy-na-mayroon-umanong-92.webp "24 Oras Weekend is GMA Network’s flagship newscast, anchored by Ivan Mayrina and Pia Arcangel. It airs on GMA-7, Saturdays and Sundays at 5:30 PM (PHL Time). For more videos from 24 Oras Weekend, visit http://www.gmanews.tv/24orasweekend.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
⏲ 1:41 👁 40K
_fashionland-and-fashiondoll-fl-lauren-cc-108.webp "fashionland and fashiondoll FL-Lauren-CC-108 from model vertical love store")
_92.webp "Duda raw ang gobyerno ng Pilipinas!<br/><br/><br/>Balitanghali is the daily noontime newscast of GTV anchored by Raffy Tima and Connie Sison. It airs Mondays to Fridays at 10:30 AM (PHL Time). For more videos from Balitanghali, visit http://www.gmanews.tv/balitanghali.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
_openais-first-investor-on-why-robotics-will-have-its-ai-moment-next.webp "Vinod Khosia, Chairman of Khosia, spoke at the Imagination in Action's 'Forging the Future of Business with AI' Summit on why AI will be in everyone's life in the near future and why robotics will be the next sector to have its own AI moment. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_dnd-at-national-security-adviser-pinasinungalingan-ang-pahayag-ng-chinese-embassy-na-mayroon-umanong-92.jpg)
_fashionland-and-fashiondoll-fl-lauren-cc-108.jpg)
_92.jpg)
_openais-first-investor-on-why-robotics-will-have-its-ai-moment-next.jpg)
![[+]](/images/menu.gif){kind=small}