The company is discontinuing its jerky line.

The company also revealed information on its US, European and Mexican businesses.

During its earnings report, the company also announced new executive hires.

The giant retailer said drones are becoming a bigger part of food delivery.

Systemwide sales totaled $42.89 billion in 2023.

Same-store sales rise, but Middle East unrest impacts KFC and Pizza Hut.

CEO sees price as being more important than a value message.

The company addressed the challenges in the beef market for the remainder of the year.

Appealing to value-seeking consumers will involve price gap management.

The move by the large food company signals strategy shift according to its leadership.