Taco Bell reports soft sales despite success of Nacho Fries
Yum! Brands Inc. blamed flat same-store sales during the first quarter on a KFC chicken shortage in the United Kingdom, a massive supply failure that left nearly 900 restaurants without their core product earlier this year.
The Louisville, Ky.-based operator also saw a slip from Taco Bell, typically its best-performing brand. During the quarter ended March 31, same-store sales at Taco Bell grew 1 percent, compared with a rise of 8 percent the previous year.
Analysts were surprised by the significant year-over-year drop, given that the Irvine, Calif.-based chain set a product sales record during the quarter with the introduction of Nacho Fries.
Taco Bell said the fries boosted “incidents” at restaurants, but the Dollar Cravings menu item pu...
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