Consumers are preferring cheaper chain pizzas.
Same-store sales for KFC and Pizza Hut declined in the last quarter. Sales at Taco Bell, its more budget-friendly brand, grew at a slower pace.
Logistics, business models and a fear of Russians’ reactions are all factors.
Chinese consumers are looking beyond KFC and Pizza Hut for dining experiences.
A look at how Yum! Brands has grown since its spinoff from PepsiCo 18 years ago.
As cases of a new strain of bird flu spread across the Shanghai region, fast food chains like KFC are taking a hit to their bottom line.
