Posts tagged with "takeaway"

Fast food article illustration by Heather Skovlund for 360 MAGAZINE

KFC DIGITAL SALES INCREASE

KFC Owner Yum Brands Reports Digital Sales of $17 Billion in 2020, Up By 45% YoY

Despite the blow of pandemic restrictions in 2020, Yum Brands’ earnings for the year topped analysts’ estimates.

According to the research data analyzed and published by Stock Apps, the company’s Q4 2020 revenue grew by 3% year-over-year (YoY) to $1.74 billion, higher than the expected $1.72 billion. For the full year, digital sales rose by 45% to $17 billion.

Based on an NPD Group report, restaurant digital orders in the US shot up by 145% YoY in December 2020. By the end of the year, carry-out accounted for 46% of off-premises orders and drive-thrus got 44%.

US Digital Restaurant Market Sales Rose by 124% in 2020 to $45 Billion

Yum Brands launched a series of initiatives to speed up its digitalization process in 2020. For KFC, a new eCommerce ecosystem streamlined off-premises order handling. As a result, transaction times at the window reduced by 16 seconds in Q4 2020 compared to Q4 2019.

The Habit added curbside pickup, which accounted for 10% of all sales and 50% of mobile sales. Through its Go Mobile ecosystem, Taco Bell saw drive-thru transaction times drop below four minutes. Thanks to these investments, Pizza Hut saw an 18% growth in same-store sales from off-premise channels. Taco Bell reported a 12% digital sales mix while The Habit had a 40% sales mix from its digital platform.

McDonalds also benefitted from a shift to digital, generating $10 billion from online sales across its top six markets in 2020. They accounted for20% of the company’s total annual sales. Chipotle also posted a 177.2% YoY increase in digital sales during Q4 2020, reaching $781.4 million.

According to eMarketer, digital restaurant market sales in the US rose by 123.8% in 2020 to $44.94 billion. In 2021, it is projected to increase by 22.3% to $54.97 billion and in 2022, by16.3% to $63.93 billion.

By 2025, digital sales will account for 54% of limited and quick-service restaurant business according to a study by Incisiv.

The full story, statistics and information can be found here: https://stockapps.com/blog/2021/02/25/kfc-owner-yum-brands-reports-digital-sales-of-1-7-billion-in-2020-up-by-45-yoy/

Kaelen Felix illustration for 360 MAGAZINE pizza article

NO. 1 TAKEOUT DISH – PIZZA

According to New York Post, pizza is one of the most popular takeaway dishes searched in the world.

National Pizza Week: growth pizza restaurants comes to abrupt halt

BoldData crunches the numbers 

Next week is National Pizza Week. An entire week in honor of one of America’s all-time favorite foods. Time to crunch the numbers! The latest statistics from data specialist BoldData show that the amount of pizza restaurants in America has increased with a whopping 39.2% over the last five years. However, the growth abruptly stopped in 2020. 

Pizza party over?

Craving pizza? There are currently 90.817 pizza restaurants in The United States. An increase of 39.2% compared to 2016, in this year there were 65.213 pizza places. Especially 2017 was a good year for pizza: with an increase of 11.137 pizza joints (17.1 %). In the beginning of 2021 the USA should’ve reached the magical number of 100.000 pizza restaurants, but then COVID-19 happened… The growth of pizza restaurants came to an abrupt halt in 2020, with an increase of only 581 restaurants.  

California is the pizza place to be

When it comes to pizza, California is the place to be. The state has 8.271 pizza places, of which 2.044 are based in the Los Angeles area. New York comes in second with 7.190 restaurants, a growth of 48% compared to 2016. The biggest growth took place in Hawaii: a whopping 69%. Pizza lovers best stay away from Wyoming, the state has the lowest number of pizza joints (133). 


USA takes biggest slice worldwide

Americans love their pizza. It’s even considered America’s favorite food. Therefore it’s no surprise that the USA is home to the largest number of pizza restaurants worldwide. Italy –  where the modern pizza was originally invented – comes in second with 42.288 pizzeria’s. Brazil completes the top 3 with 32.283 pizza joints. But the USA has nothing to fear from the rest of the world. With 90.817 pizza restaurant the USA still has more pizzeria’s then the top 4 combined (88.100). Australia is number 8 on the list: with 5.598 pizza restaurants they have one of the highest number of pizza places per capita.   

About BoldData:

We are global data experts with a highly accurate database of 287+ million companies worldwide. With our data have helped 2.000+ companies with analytics, research and CRM. Our data is being used by renowned research companies such as Statista. As well by FMCG companies such as Heineken, P&G, Danone and UberEats. 

Vaughn Lowery makes pizza for 360 MAGAZINE article