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YY Group Subsidiary, YY Circle and KFC Singapore Forge Strategic Partnership to Enhance Operational Excellence
Globenewswire· 2025-05-30 12:00
Core Insights - YY Group Holding Limited has announced a strategic partnership with Kentucky Fried Chicken Singapore to enhance operational excellence across KFC outlets in Singapore [1][5] - The partnership will utilize YY Group's YY Circle platform to provide daily casual staffing, ensuring consistent service quality and agile operations for KFC [2][3] Company Overview - YY Group is a technology-enabled platform headquartered in Singapore, offering flexible workforce solutions and integrated facility management services across Asia [8][9] - The company operates in two main verticals: on-demand staffing and integrated facility management, serving industries such as hospitality, logistics, retail, and healthcare [9][10] Partnership Details - The YY Circle platform connects businesses with a pre-vetted pool of skilled casual workers, allowing KFC to adjust staffing levels effectively during peak hours and seasonal campaigns [3][4] - This collaboration reflects a mutual trust and shared vision for operational excellence, positioning YY Group for growth in Singapore's competitive hospitality sector [5][6] Strategic Impact - The partnership with KFC highlights the scalability and reliability of YY Circle, setting new benchmarks for operational resilience and workforce agility [4][5] - YY Group aims to strengthen its market foothold and unlock new opportunities for expansion through this collaboration [5][9]
Yum Brands revenue misses as Pizza Hut's same-store sales fall 2%
CNBC· 2025-04-30 11:23
Core Insights - Yum Brands reported mixed quarterly results, with Pizza Hut's same-store sales declining more than expected, impacting overall performance [1][2] - The company’s net income for the first quarter was $253 million, down from $314 million a year earlier, translating to earnings of 90 cents per share [1] - Net sales increased by 12% to $1.79 billion, but fell short of the expected $1.85 billion [6] Financial Performance - Adjusted earnings per share were $1.30, slightly above the expected $1.29 [6] - Same-store sales across all brands rose by 3%, with Taco Bell leading with a 9% increase, surpassing estimates [2][3] - KFC's same-store sales grew by 2%, exceeding the 1.4% estimate, but its U.S. sales declined by 1% [3][4] Brand-Specific Performance - Pizza Hut's same-store sales fell by 2%, worse than the anticipated 0.1% decline, with U.S. sales down 5% and international sales flat [2] - KFC's performance in the U.S. is struggling, with competition from rivals like Wingstop and Raising Cane's [4] Digital Sales - Digital orders accounted for 55% of Yum's total sales this quarter, indicating a significant shift towards online and mobile ordering [4] Leadership Changes - CEO David Gibbs announced plans to retire in the first quarter of 2026, with the board currently searching for a successor [5]