Propel Morning Briefing Mast Head CPL Learning Link Paul's Twitter Link Hive Pubs by Greene King Banner
Morning Briefing Strap Line
Tue 8th Sep 2015 - KFC UK PBT nears £50m, seeks 400 sites
KFC UK PBT nears £50m, seeks 400 sites: KFC UK has reported turnover rose to £478,123,000 in the year to 30 November 2014, up from £446,400,000 the year before. Pre-tax profit increased to £47,323,000 compared to £40,112,000 in the previous year. The company stated: “The business has continued to grow this financial period. Against the tough macro-economic climate we have continued to develop our new products and new sales layers, whilst strong advertising and continued investment in enhancing and maintaining our restaurant estate have helped to deliver a 7.1% increase in sales to £478.1m (2013: £446.4m). Operating profit margin of 10.3% has increased slightly when compared to that of the prior year (2013: 9.5%) due to increase in other operating income to £6.5m (2013: £4.5m) mainly attributable to gains on re franchising, along with other cost saving initiatives implemented across the business during the year under review and as a result we have delivered an operating profit of £49.0m (2013: £42.5m). The company has net assets of £171.8m as at the end of the 2014 financial period. The Quick Service Restaurant industry remains a strong competitive environment within a difficult economic climate. As a business we continue to invest in new stores and our existing estate, new product layers and are continuously looking at new and innovative design and trade concepts that drive increased transactional market share and sales year-on-year. A key element of our ongoing strategy is to review our estate to identify where franchise ownership represents greater growth potential for the brand in our market. This is a positive indication of our plans to focus our resources for future growth and to enable franchisee to grow and add value, especially where there are synergies with adjacent ownerships and assets.” Meanwhile, KFC has said is on the hunt for more than 400 new sites across the UK. The company is seeking a mix of restaurant, express/takeaway, food court and drive-thru locations and pays finders fees of £20,000 for recognised drive-thru sites. Its biggest target area is London where it is looking for 83 locations.


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Maliburu Banner
 
Hit Training Banner
 
OakNorth Banner
 
Contract Furniture Group Banner
 
Nutritics foodprint Banner
 
Douwe Egberts Barista Editions Banner
 
Hogs Back Banner
 
Heinz Banner
 
Estrella Banner
 
Knorr Banner
 
Camile Thai Banner
 
St Austell Brewery Banner
 
Sky Banner
 
Hungrrr Banner
 
Frobishers Banner
 
Peroni Banner
 
TipJar Banner
 
Airship – Toggle Banner
 
Cynergy Bank Banner
 
Zonal Banner
 
John Gaunt Banner
 
Libeo Banner
 
COREcruitment Banner
 
KAM Media Banner
 
Access Banner
 
Reputation Banner
 
Yapster Banner
 
Zonal Banner
 
Trail Banner
 
The Licensees Association Banner
 
Tiny Cloud Kitchens Banner
 
Harri Banner
 
Propel Banner
 
Hogs Back Banner