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Thursday, May 9, 2024

KFC Japan’s profit triples as customers brush aside higher prices

TOKYO — KFC Holdings Japan is expected to report group pretax profit of about 800 million yen ($5.64 million) for the April-June quarter, triple the total from a year earlier, as new and limited offerings attract customers despite broad price hikes.

Consolidated sales climbed roughly 10% to around 24 billion yen. Same-store sales for directly operated branches and franchise locations of the chicken restaurant chain increased 11.3%, with per-customer spending rising 9.9%. Customer traffic edged 1.3% higher.

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