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2 mins read

Devyani International reports Q1 profit of ₹224 crore

Revenue from operations in the quarter was Rs 1,221.90 crore as against Rs 846.63 crore in the …

PTI   


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2 mins read

A mega restaurant chain is on a mission to get half of China to eat KFC and Pizza Hut by 2026

Yum China operates over 10,000 KFCs and 3,300 Pizza Huts in China, with more than half of these sto…

Matthew Loh   


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3 mins read

The Quick and the Dead: How fast food players lost their pandemic boom effect

Fast food helped Indians get over the pandemic blues — as pizzas, burgers and fried chicken helped …

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7 mins read

Delivery versus dine-in: Why McDonald's is going ‘big’ even as rivals slash store sizes

At a time when many restaurants in India are looking to cut down physical presence and move t…

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3 mins read

It's been another bad quarter for the fast-food industry. Burgers and pizza are too expensive, and Americans just don't want to splash out.

Fast-food giants like McDonald's, Starbucks, and KFC reported drops in comparable US sales. In part…

Grace Dean   


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5 mins read

Cheese burst: Quick service restaurants see muted growth ahead

In addition to raw material inflation, the ability of quick service restaurants' ability to increas…

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3 mins read

Pizza Hut franchisees lay off more than 1,200 delivery drivers in California as restaurants brace for $20 fast-food wages

PacPizza, a Pizza Hut franchisee, plans to lay off its entire fleet of delivery drivers ahead of Ca…

Nancy Luna   


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4 mins read

India has more KFCs and Pizza Huts than Canada or Mexico, and they’re customized too

While China has a higher number of these stores outside the US, India has more Pizza Hut outlets th…

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4 mins read

Brick and mortar retailers are growing and fuelling e-retail growth too

Brick and mortar retail to grow at 14-16% this fiscal, driven by continued expansion across segment…

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5 mins read

Foreign brands bet big on Bharat’s bulging wallets

Companies like BMW, Mercedes-Benz, Lamborghini, and others are eyeing smaller towns and cities like…

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2 mins read

Young Chinese are trading Shanghai for small cities. Brands like KFC are following them with thousands of stores.

Economic troubles in metros like Beijing and Shanghai are pushing people to move to smaller cities…

Shubhangi Goel   


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2 mins read

Taco Bell's parent company opened a restaurant every 2 hours in 2021, and it shows customers are loving fast food more than ever

Yum Brands, operator of Taco Bell, KFC, and Pizza Hut, opened over 4,100 new restaurants in 2021, a…

Mary Meisenzahl   


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2 mins read

Devyani International shares debut at over 56% premium as the Pizza Hut and KFC operator lists on stock exchanges

After the listing, the total market capitalisation of Devyani International stood at ₹16,956 cro…

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3 mins read

A California franchisee says he's reducing staffing, raising prices, and mulling kiosks to cover the $20 wage. Closing stores is a last resort.

A Vitality Bowls franchisee in San Jose told BI how he's trying to absorb California's $20 minimum …

Grace Dean   


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2 mins read

Devyani International IPO: Here’s how to check the allotment status and more

The allotment status of the initial public offering (IPO) of Devyani International Limited, which e…

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3 mins read

Pizza Hut, KFC, Costa Coffee operator Devyani International to raise an estimated ₹1,400 crore through IPO

The company is looking to raise ₹ 1,400 crore through the IPO, according to market sources. Howe…

Zahra Tayeb   


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2 mins read

Pizza Hut just introduced Detroit-Style pizza - here's what it looks like

Pizza chains have largely been winners in a pandemic that's deeply hurt the restaurant industry at …

Mary Meisenzahl