मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
After rough Q2, Devyani International awaits demand rebound
Mint Mumbai
|November 14, 2023
At a time of slowing demand, store closures and lowered sales growth guidance are like cautionary road signs for investors in shares of quick service restaurant operators. Devyani International Ltd is a case in point. Lately, it has expressed concerns over demand and lowered its store expansion projection for FY24.
Devyani, a franchisee of Yum Brands, operates KFC, Pizza Hut and Taco Bell restaurants in India.
Same-store sales performance of Devyani’s core brands KFC and Pizza Hut has been subdued in recent quarters. In the September quarter (Q2FY24), KFC and Pizza Hut same store sales fell by 4% and 10.4%, respectively. This marks the second and fourth consecutive quarter of drop in same-store sales for KFC and Pizza Hut, respectively. Same-store sales measure the comparable sales over a particular period.
यह कहानी Mint Mumbai के November 14, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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