Singapore

Here is a summary of the most interesting QSR news stories of the week from around the world.

Find out what QSRs have been up to on social media this week.

The group continues plans to open more restaurants in Singapore, Thailand, Taiwan and China.

Here is a summary of the most interesting QSR news stories of the week from around the world.

Find out what QSRs have been up to on social media this week.

The Japanese coffee chain was started by a latte art world champion in Kyoto in 2014.

Here is a summary of the most interesting QSR news stories of the week from around the world.

Find out what QSRs have been up to on social media this week.

The company’s total revenues increased 12% year over year in the second quarter of 2018. Yum China Holdings, Inc., which reported its unaudited results for the second quarter ended June 30, 2018, posted a 12% increase in its total revenues year over year, from $1.8 billion in the comparative period last year to to $2.1 billion. Total system sales, meanwhile, grew 3% year over year, with the 5% growth at KFC being partially offset by 1% decline at Pizza Hut. Same-store sales slipped 1% year over year, on the back of flat same-store sales at KFC and a 4% decrease at Pizza Hut. Restaurant margin was 15.1%, as compared with 16.6% in the prior year period. Operating Profit for the company jumped 13% year over year to $193 million from $171 million, and net Income rose 14% to $143 million from $125 million in the prior year period. "KFC achieved 5% system sales growth in the second quarter as a result of solid business fundamentals and accelerated new store development. We are on track to add 600-650 new stores, led by KFC, by the end of the year. This growth strategy will set us up for long-term growth in both profitability and market share. We are confident in the sustainability of KFC's leader position in the QSR market in China,” Joey Wat, CEO of Yum China said. “While Pizza Hut continued to face challenges in China's competitive casual dining space, we added new talent to our team and made progress repositioning the brand with our target customers. We remain dedicated to revitalizing the brand and strongly believe that our initiatives including delivering more innovative products and introducing new store formats will restore the brand to the level of consistent growth that our shareholders expect." "Yum China reported total revenues and operating profit growth of 12% and 13% respectively in the second quarter. We will continue to invest in strengthening our core competencies as well as building delivery, digital and data capabilities to capture online and offline opportunities and drive future growth," added Wat. "In an increasingly competitive environment, we stepped up food investment and promotional activities, which inevitably had some pressure on our margins. This reflects our strategic decision to invest in our brands for long-term market share gain. Our business continues to generate substantial free cash flow, and during the second quarter, we returned over $110 million of cash to our shareholders through share buyback and dividends. We remain committed to creating enduring value for our stockholders," Jacky Lo, CFO of Yum China said. As of June 30, 2018, the KFC loyalty program had more than 135 million members and the Pizza Hut loyalty program had over 45 million members, an increase of 50 million and 20 million, respectively, year over year. Mobile payments accounted for approximately 63% of Company sales in the quarter, an increase of 21 percentage points year over year. Delivery contributed to 16% of Company sales in the second quarter of 2018, an increase of 3 percentage points year over year. Delivery services now available in over 1,000 cities, up from 800 cities in the prior year period.  

The pizza brand is running a two-week trial of Dilly Plate.

The doughnut chain becomes one of only a few Western brands in the country. Krispy Kreme plans to open the doors of its first shop in Myanmar in September 2018. The brand partnered with a Myanmar franchisee to become one of only a small number of Western restaurant brands that have a presence in the country. The brand plans approximately 10 more shops to launch in Myanmar in the coming years. Krispy Kreme is a global retailer of premium-quality sweet treats, including its signature Original Glazed doughnut. Headquartered in Winston-Salem, N.C., the company has offered the highest-quality doughnuts and great-tasting coffee since it was founded in 1937. Krispy Kreme doughnuts can be found in approximately 12,000 grocery, convenience and mass merchant stores in the U.S., operating nearly 1,400 retail shops in 32 countries across the globe.

Here is a summary of the most interesting QSR news stories of the week from around the world.

Find out what QSRs have been up to on social media this week. BRAND AND STORE UPDATES Texas Chicken Malaysia announced that it is expanding its team. The brand is looking for a Manager in Training, Assistant Restaurant Managers and Restaurant Managers to be located at various Texas Chicken outlets. More details can be found on the brand’s Facebook page. Sushi Tei Bali is celebrating Indonesian Independence by hosting a Blood Donation Drive on the 14th of August 2018 at Sushi Tei Sunset Road. Bonchon Chicken Philippines celebrated the opening of its Intrepid Plaza store by giving away a year’s supply of BonChon KStyle Meals to the first 100 customers. NEW ON THE MENU Starbucks Philippines introduced its newest Apricot & Peach Yogurt Frappuccino blended beverage. Made with soft white peach jelly with chunky bits of real white peach, layered with tangy yogurt blend and topped with a juicy apricot sauce. Krispy Kreme Singapore unveiled its special National Day Caramel Chili doughnut. Sushi Tei is offering two options of sushi birthday cakes for its customers. Customers can also choose to customize their cakes. Pacific Coffee introduced four new flavours of iced float, featuring Movenpick Ice Cream. Popeyes Singapore unveiled its new Popeyes Chic & Crab Mantou menu offering. PROMOS BOX8- Desi Meals held a contest on Facebook, giving its customers the chance to win Rs.800 meal vouchers online. J.CO Donuts & Coffee, Singapore held a special promotion in celebration of National Day. Customers who purchase a dozen doughnuts, get a half dozen for free (assorted). Available only for a limited time. Kyochon Thailand offered a special promotion. Customers who purchase eight pieces of its honey fried chicken wings can get eight more pieces for free. Available until the end of August. J.CO Donuts & Coffee, Philippines offered P70 cashback to customers who use GCash QR codes to pay for their orders. Shakey's Philippines extended its Pizza-Mazing Deli Deal until August 31, 2018. Details available on the brand’s Facebook page. Yellow Cab Pizza Co. Philippines announced that it has won its 3rd award of The People's Choice for Favorite Pizza. To celebrate, the brand is offering a special Buy 3 Get 3 promotion of with every order of one 10” New York’s Finest + 1 Large Charlie Chan + 1 Large Hot Wings. With every purchase, customers can get 10” #4 Cheese Pizza + Large MyFries + 1.5L Mountain Dew for free. Available for a limited time. Sakae Sushi Malaysia offered customers 21% off every transaction from 3pm-6pm on 9 August 2018. Chicking India offered its customers a special fried/grilled chicken meal offer. Customers can get 24 pcs Fried/Grilled Chicken (8 pcs chicken + 8 pcs strips + 8 pcs hot wings) for just Rs. 699. Papa John's Pizza Philippines offered its 14" pizzas at 50% off for a limited time. Bonchon Chicken Philippines brought back its K-Kaibang combo. Customers can enjoy a 1pc K-Style chicken with rice and drink with Krispy coated K-Fries for only P105. Yellow Cab Pizza Co Philippines held an unlimited pizza promotion in selected stores. Customers can enjoy all-day unlimited New York Classic Pizza, Gilroy Garlic Pizza, and bottomless Mountain Dew for P299. Wingstop Singapore held a contest on Facebook giving its customers the chance to win 53 free chicken wings. Contest ends 12th August.

The group’s new brands are said to have beaten expectations.

His resignation is scheduled to take effect on August 31.

The Double Rendang Beef and the Hainanese Chicken Tendergrill burgers are back for a limited time.