Strong Q1 Performance
Core operating profit increased by 8%, driven by Taco Bell U.S. and KFC International. System sales grew 5% with 3% growth in both same-store sales and unit growth.
Taco Bell U.S. Achievements
Taco Bell U.S. delivered a 9% increase in same-store sales and a 16% increase in operating profit. Digital sales grew 37% year-over-year, with digital mix reaching 42%.
KFC International Success
KFC International saw low single-digit traffic growth, including its ninth consecutive quarter of traffic growth in China. The brand opened 554 new stores across 50 countries.
Innovative Concepts and Partnerships
Introduction of new concepts like Live Mas Cafe and Quench by KFC. A new partnership with NVIDIA to enhance AI technologies across the system.
Franchise and Development Growth
751 new stores opened in Q1. KFC achieved the second highest first quarter for openings in its history. Strong franchisee sentiment at Global Franchise Convention.