The authoritative independent voice of the UK food industry

The authoritative independent voice of the UK food industry

USEFUL LINKS       FMT Food Awards Review       Newsletter Sign-up     Contact Us

News

KFC owner Yum! Brands reports rise in digital sales

4 Mar, 2021

According to research data analysed and published by Stock Apps, a financial educational resource, KFC owner, Yum! Brands’, full year digital sales rose by 45% to $17 billion. Despite pandemic restrictions in 2020, the company’s Q4 2020 revenue grew by 3% year-over-year to $1.74 billion, topping analysts’ estimates. Yum! Brands launched a series of initiatives […]

Interested in reaching the food industry?

Explore our media pack for all of our advertising opportunities and partnership options.

According to research data analysed and published by Stock Apps, a financial educational resource, KFC owner, Yum! Brands’, full year digital sales rose by 45% to $17 billion.

Despite pandemic restrictions in 2020, the company’s Q4 2020 revenue grew by 3% year-over-year to $1.74 billion, topping analysts’ estimates.

Yum! Brands launched a series of initiatives to speed up its digitalisation process in 2020. At KFC, a new eCommerce ecosystem streamlined off-premises order handling and as a result transaction times at the window reduced by 16 seconds in Q4 2020 compared to Q4 2019.

US digital restaurant market sales overall are reported to have risen by 124% in 2020, with McDonald’s also benefitting from a shift to digital, generating $10 billion from online sales across its top six markets in 2020.

In 2021, it is projected that digital restaurant market sales will increase by 22.3% to $54.97 billion and in 2022, by 16.3% to $63.93 billion.

Latest News

IT'S BACK!

Product nominations are now open for UK Sausage Week. You may have an award-winning product. Click here to nominate your sausages today for free!

Everything you need to know about the Food Management Industry Awards can be found through our dedicated website.

Click Here

Some of the leading companies that have participated in the Food Management Today Industry Awards...

wFeatures & Opinion

Healthy diets need practical, accessible solutions. Frozen food is ready to deliver.

Rupert Ashby, chief executive of the British Frozen Food Federation (BFFF), explains why frozen food will play a key role in helping people across the UK eat a healthier diet.

Supporting seafood careers through skills and training 

Seafish onshore training advisor, Richard Wardell, outlines some of the training opportunities available through the organisation for workers in the onshore sectors of the seafood industry.

How geopolitical volatility is impacting the food and drink industry

As geopolitical tensions continue to impact costs, businesses must take a proactive approach, says Eliot Bassett, managing director at currency risk management service Lumon Corporate.

More Features...

Sponsored Content

Cheese shredding solutions by Urschel

Leading cheese processors rely on optimised dicing and shredding solutions supplied by Urschel.

The Multivac Total Offer: end-to-end lifecycle support

Streamline your operations with a joined-up approach to equipment, materials and service solutions from Multivac.

Revolutionise your sterilisation: how the Static Steriflow solves real production challenges

Interfood Technology talks to Food Management Today about the Static Steriflow, engineered for versatility and reliability in food production environments.

More Sponsored Content...

Sign-up for our newsletter and alerts

"*" indicates required fields

Name*

Which emails would you like to receive from us?

Please select an option*
* By subscribing or opting in to any communication you also give permission for us to send you occasional general information updates about this media portfolio. You can opt out or change your preferences at any time.