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.

Weak second-quarter volume recovery prompts company to lower full-year guidance.

CEO Jeffrey Harmening said sales growth in fiscal 2024 is unlikely.

Technology will assist the chain in shooting for over 1,100 net new stores a year.

The company’s physical and digital scale seen fueling QSR growth.