Parent Company KFC Suffers From Expensive Dollar

Parent Company KFC Suffers From Expensive Dollar

The American fast food company Yum! Brands, the chicken chain KFC’s parent company, is suffering from the expensive dollar.

Due to this adverse currency effect, the company’s profit, which generates almost half of its sales outside the United States, fell more than expected in the past quarter.

Earnings per share in the third quarter came in at $1.09, compared to $1.22 in the same period last year. Turnover did grow by 5 percent. However, that is a less strong growth than that of competitors such as McDonald’s (plus 9.5 percent) and Chipotle Mexican Grill (plus 7.6 percent).

Yum!’s taco chain Brand, Taco Bell, grew 6 percent. But this, too, was below expectations. On the other hand, the chicken chain KFC exceeded the expectations of market experts, with a growth of 7 percent in the past period.

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