, UK
255 views

KFC's turnover plunges following chicken shortage

Profit after tax fell by 27.8%.

KFC's turnover and profits fell in 2018, which saw a "distribution crisis" affecting more than two thirds of its restaurants for almost a week.

The Yum! Brands-owned fast food chain saw turnover for the period ending 23 December 2018 at £207.3m, 73% less from £445.7m in 2017.

Profit after tax was £129.9m, 27.8% lower than £171.9 in the previous year.

In their latest financial report, KFC said they started 2018 with a "strong" same store sales growth performance prior to the distribution crisis.

"Closure of stores and operating on a limited menu during the height of the distribution crisis resulted in an overall sales decline for the year with the same store sales growth -6.8%," it said.

The company says they "steadily" recovered transactions, returning to positive sales growth by the end of the year.

Join QSR Media UK community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!