Yum! Brand the parent company of popular fast food chain, KFC, Taco Bell and Pizza Hut reported revenue of US$1.6 billion for Q1 versus the consensus estimate of US$1.71 billion.
Despite facing operational headwinds the company managed a core operating profit growth of 6% showcasing the resilience of its business model against the pressures of global economic challenges.
Over in Malaysia, the franchise holder of KFC, QSR has been facing tough business environment with closure of over 100 outlets as the boycott campaign weighs on the retail chain sales.
