Word: speiser
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Dates: during 2000-2009
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...through most of 2003 those outlets that have been open for more than a year were reporting negative sales growth due to intense competition and consumers who are trying to cut down on fried foods. Among the company's Stateside woes, says Lehman Bros. analyst Mitchell Speiser, "service times are slow and the food isn't seen as contemporary." The U.S. president of KFC resigned in September. To make matters worse, Pamela Anderson, the ex-Baywatch TV actress, recently joined a boycott of KFC led by People for the Ethical Treatment of Animals. The animal-rights group says...
...than 900 KFC restaurants and at least one new branch opening every other day, the outlook is much sunnier. The mainland now constitutes about 15% of Yum's operating profits ($273 million in the third quarter of 2003) and accounts for approximately 40% of its international business, according to Speiser. And because China's population is about five times that of the U.S., the company figures this is just the corporate equivalent of an appetizer. "There should be tens of thousands of KFCs, Pizza Huts and Taco Bell Grandes here," says Sam Su, Yum's China president, over a Pepsi...