The lettuce shortage will come to an end by around mid-August, allowing the fast food chain to stop using cabbage in its burgers, the boss of KFC Australia’s parent company says.
Iceberg will make a full return to KFC burgers by spring, parent company Collins Foods chief executive Drew O’Malley said, while flagging the fast food chain will hike prices for a third time this year in response to soaring produce costs.
O’Malley made his comments after Collins Foods, which operates KFC in Australia and Europe as well as Taco Bell in Australia and Sizzler in Asia, revealed a 25 per cent increase in net profits to $59.7 million for the 2022 financial year.Overall revenue rose by 11.1 per cent, driven by KFC Europe, which saw revenue grow 41.2 per cent to $190.4 million. Sales at KFC Australia ticked up 6.1 per cent to $955.5 million.
O’Malley attributed KFC’s growth to its brand positioning as being value for money. Marketing campaigns such as the ‘Did someone say KFC?’ ads have also kept the brand top-of-mind for consumers, he added.But O’Malley said the company was looking at a third price hike this year as businesses grapple with
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KFC to ditch cabbage in ‘five to seven weeks’, CEO saysThe lettuce shortage will come to an end by around mid-August, allowing the fast food chain to stop using cabbage in its burgers, the boss of KFC Australia’s parent company says.
Read more »
KFC to ditch cabbage in ‘five to seven weeks’, CEO saysThe lettuce shortage will come to an end by around mid-August, allowing the fast food chain to stop using cabbage in its burgers, the boss of KFC Australia’s parent company says.
Read more »
Fast food group KFC to lift prices for a third time in 2022Collins Foods, with 261 KFCs in Australia, says sales are up strongly in the past two months and a lettuce shortage will end in seven weeks.
Read more »
KFC to ditch cabbage in ‘five to seven weeks’, CEO saysThe lettuce shortage will come to an end by around mid-August, allowing the fast food chain to stop using cabbage in its burgers, the boss of KFC Australia’s parent company says.
Read more »
KFC to ditch cabbage in ‘five to seven weeks’, CEO saysThe lettuce shortage will come to an end by around mid-August, allowing the fast food chain to stop using cabbage in its burgers, the boss of KFC Australia’s parent company says.
Read more »
Fast food group KFC to lift prices for a third time in 2022Collins Foods, with 261 KFCs in Australia, says sales are up strongly in the past two months and a lettuce shortage will end in seven weeks.
Read more »