_fast-food-restaurants-reports-decline-in-same-store-sales-reflecting-inflation-and-consumer-pressures.jpg "Fast Food Restaurants Reports Decline in Same-Store Sales, Reflecting Inflation and Consumer Pressures from what is out of as percentage Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:48
👁 View: 955K times
✓ Published: 04-May-2024
👁 View: 955K times
✓ Published: 04-May-2024
Description:
Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_top-10-snl-sketches-that-had-unexpected-twists.webp "These \")
_luke-combs-where-the-wild-things-are-official-studio-video.webp "Luke Combs")
_i-made-a-gundam-at-st-out-of-clay.webp "North of the Border")
_celtics-cancel-heat-culture-124-celtics-lab.webp "The Boston Celtics got their revenge against the Miami Heat for sending them fishing in the 2023 Eastern Conference Finals, instead kicking off the Heat's postseason with a Game 5 win over Miami in their 2024 NBA Eastern Conference first round series.<br/><br/>The 118-84 blowout was a fitting end for longtime Celtics broadcaster Mike Gorman's 43-year career, and now Boston waits for star center Kristaps Porzingis to heal up and for a winner to emerge from the Cleveland Cavaliers - Orlando Magic series. The Celtics will face the winner perhaps as soon as next Sunday (May 5). What do we need to reflect on from this series, and what else is coming down the pike?<br/><br/>The hosts of the CLNS Media \")
_washed-out-the-hardest-part-official-video.webp "Washed Out")
_top-reasons-americans-avoid-taking-their-car-in.webp "Americans admit to ignoring their “check engine” light for an average of four months before addressing it, according to new research.<br/><br/>A new survey of 2,000 American car owners revealed that one in five (20%) even admit to putting it off between six and 18 months.<br/><br/>This may be because almost one-third (32%) will wait “as long as possible” before bringing their car in to get serviced.<br/><br/>In fact, another 39% are likely to wait for an incident or for something to break before even considering bringing their car in for service.<br/><br/>The research also revealed that 35% regret putting their car care off — resulting in unexpected repair fees (39%), emotional stress (22%) and even a roadside emergency (21%).<br/><br/>And while the average American feels that preventative car care is important (93%), almost half (48%) said they push back getting their car serviced because of financial constraints.<br/><br/>Conducted by OnePoll on behalf of Pep Boys, the data showed that when it comes to car care, Americans are prioritizing some things over others with exterior light issues (11%), window and windshield cracks (9%) and the radio or sound system (3%) ranking at the bottom of the list.<br/><br/>Americans have had their current car for an average of seven years and 93% own their car, compared to leasing it (7%).<br/><br/>Each year, the average respondent spends more than $400 on car maintenance ($438) and estimates that they’ve spent an astounding $6,272 in total servicing their current car over the years.<br/><br/>To get their car serviced, Americans are most likely to go to a dealership (31%) or a local mechanic (27%) and the majority (62%) do so every three to six months.<br/><br/>In relation to their other responsibilities, 38% of respondents said caring for their car is a “very high” priority.<br/><br/>Despite this, 21% feel like their car is going to break down any day now.<br/><br/>When asked what would cause the most stress if repairs were needed, engine trouble (66%), bad brakes (33%) and fuel system issues (31%) ranked as the top three.<br/><br/>In fact, 26% even admit that their car stresses them out more than their finances or even personal relationships (14%).<br/><br/>Despite these worries, only 32% of respondents wished they lived somewhere a car wasn’t necessary, perhaps because the majority (65%) don’t believe that life would be easier without one — an indicator of just how important they are to our lives.<br/><br/>WHAT CAR REPAIRS STRESS OUT AMERICANS THE MOST?<br/>● Engine - 66%<br/>● Brakes - 33%<br/>● Fuel system - 31%<br/>● Exhaust system - 16%<br/>● Tires - 15%<br/>● AC/heat unit - 15%<br/> <br/>Survey methodology:<br/>This random double-opt-in survey of 2,000 American car owners aged 25+ was commissioned by Pep Boys between March 29 and April 8, 2024. It was conducted by market research company OnePoll, whose team members are members of the Market Research Society and have corporate membership to the American Association for Public Opinion Research (AAPOR) and the European Society for Opinion and Marketing Research (ESOMAR).")
_protesters-using-part-of-trash-can-as-shields-run-out-of-psu-before-arrests-are-made.webp "The National Desk")
⏲ 1 minute 44 seconds 👁 16.4K
_out-for-a-rip-official-video.webp "b richmond")
_top-10-snl-sketches-that-had-unexpected-twists.jpg)
_luke-combs-where-the-wild-things-are-official-studio-video.jpg)
_i-made-a-gundam-at-st-out-of-clay.jpg)
_celtics-cancel-heat-culture-124-celtics-lab.jpg)
_washed-out-the-hardest-part-official-video.jpg)
_top-reasons-americans-avoid-taking-their-car-in.jpg)
_protesters-using-part-of-trash-can-as-shields-run-out-of-psu-before-arrests-are-made.jpg)
_out-for-a-rip-official-video.jpg)
![[+]](/images/menu.gif){kind=small}