Yum Brands Q1 profits more than triple buoyed by elevated appetite for fast foods

US – Yum Brands, the owner of KFC, Taco Bell, and Pizza Hut, has had its profits more than triple in Q1 as business improved following easing of Covid-19 restrictions. The company’s profits during the quarter jumped to US$326 million up from US$83 million recorded in 2020. The profits were also higher than the US$262 million earned in the same three months in 2019. Sales at stores open at least a year, a key gauge of a restaurant operator’s health, climbed 9% with KFC’s same-store sales increasing 14% in the…

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Burger King taps industry veteran Tom Curtis for Chief Operating Officer role

US –  World’s second-largest fast-food hamburger chain Burger King has appointed industry veteran Tom Curtis as the new Chief Operating Officer (COO) of Burger King Americas. Curtis joins Burger King’s leadership team from Domino’s and will oversee field operations, restaurant development, and restaurant operations. According to a statement from the restaurant chain, Mr. Curtis has an impressive wealth of experience in the industry having worked at Domino’s for over 35 years. By the time of leaving Domino’s Curtis was the Executive Vice President, U.S. Operations and Support, overseeing both franchised…

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Cold Stone Creamery Nigeria launches online ordering platform, unveiling indulgence in consumers reach

NIGERIA – Cold Stone Creamery Nigeria, operated by franchise holder Eat‘N’Go Limited has embraced digital innovation, launching a mobile application and a website supported eCommerce platform. The platform will enable its customers to order for their ice-creams and other desserts and have them delivered at their preferred location. The Marketing Director for Eat’N’Go, Ilyas Kazeem, who expressed enthusiasm about the offering, said, “As a food and lifestyle brand, we are all about bringing satisfaction to our customers as well as making their lives easier. “We have offered all kinds of…

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Burger King India reports 28% decline in Q3 revenues as US unit launches loyalty program

INDIA – A few months after its listing at the BSE, fast food chain restaurant Burger King India has given its first quarterly earnings announcement, reporting a profit dip and a rise in losses. According to the results, Burger King’s net revenues for third quarter of 2020 plunged 28% to Rs 163.19 crore (about US$22.38 million) even as losses rose to Rs 29.02 crore for the quarter ended December from the Rs 21.72 crore in the previous quarter. The company’s same-store sales, a key metric in judging the revenue performance…

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Nigeria Domino’s Pizza franchise holder opens refurbished flagship store after fire incident

NIGERIA – Eat‘N’Go Limited, Nigeria’s franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry gourmet frozen yoghurt has reopened its flagship outlet located in Saka Tinubu street, Victoria Island, Lagos. The leading QSR operator in the country was forced to halt operations at the facility following an unfortunate fire incident last October. Speaking to The Nation Nigeria, Ilyas Kazeem, the Marketing Director for Eat’N’Go said, “We had to shut down all operations in our Saka Tinubu outlet, for both Domino’s Pizza & Coldstone Creamery in October, due to the unfortunate…

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Burger King makes brand identity changes for the first time in 20 years

US – World’s second largest fast food hamburger chain, Burger King has unveiled a new visual brand identity, marking the first complete rebrand in over 20 years. Dialing up taste and quality through design, every design element in the new visual brand was intentionally reimagined to better reflect the new Burger King food journey.  The design principles according to Burger King, capture the unique characteristics of the Burger King brand: Mouthwatering, Big & Bold, Playfully Irreverent and Proudly True. Commenting on the new logo, the fast food chain explains that…

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Famous Brands cuts funding to its loss-making UK fast food business

SOUTH AFRICA – Famous Brands, South African restaurant franchisor will cut funding to its long-time struggling British fast food operation, Gourmet Burger Kitchen, due to deterioration in sales caused by the coronavirus pandemic. The SA owner of Mugg & Bean, Steers and Wimpy bought GBK for more than R2.3bn (US$122.6m) in 2016 as part of its strategy to reduce its dependence on South African consumers, who were under pressure, over the past few years. However, the plan proved costly as the burger chain took strain as a result of economic…

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American fast food chain Burger King to set base in the Ethiopian market

ETHIOPIA – Burger King, the global fast food franchise has teamed up with Belayab Foods Production, owner of Pizza Hut chain restaurants to set up operations in Ethiopia. Founded in 1953, Burger King is one of the most visible and successful restaurant brands in the world, next to McDonald’s and Subway Sandwiches. Burger Kings official entry to Ethiopia comes amidst concerns that international brands being used in Ethiopia are operating in violation of intellectual property rights and in contrast to World Trade Organization rules and regulation which Ethiopia is in…

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Java House launches a new fast food chain brand ‘Kukito’

Kenya – Java House Africa, leading East African coffee and food chain has launched a new brand under its restaurant portfolio dubbed Kukito, specializing in grilled chicken. “In Kukito we are bringing the Kenyan spirit, celebrating our origin through a nice local vibe. It is a brand for the young, witty and bold Kenyan,” said Java chief executive,Paul Smith. “Our chicken, prepared in a very special way, will be a healthier alternative to deep fried chicken. We are bringing good old grilled chicken, with a twist, stacked with a lot…

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KFC partners with online delivery platform Munch Zimbabwe

ZIMBABWE – Kentucky Fried Chicken (KFC), global fast food restaurant has partnered with food delivery service tech and logistic company, Munch Zimbabwe to deliver orders in and around Harare. The partnership will start with KFC Belgravia branch before expanding towards the other three outlets. According to the deal, Munch will be taking the orders and delivering at a fixed delivery fee of ZWL$36. Munch is a Zimbabwe delivery start up founded in 2017 offering online ordering and delivery of food and drinks via an application. Munch app is geared to…

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