KFC China’s sales have jumped due to China’s booming delivery business during a persistent sluggish economy. Analysts said this is a paradox that shows a weak economy under pressure in multiple areas, and that the growth of KFC and other similar businesses in China is built upon the final extraction of China’s cheap labor and will soon be restrained by internal purchasing power shrinkage.
Delivery sales at KFC China grew 33 percent year-on-year and contributed about 55 percent of total sales in the first quarter, up from 43 percent last year, according to its parent company Yum China’s report released on April 29….
KFC China Sales Jump as Food Deliveries Boom, but Profit Margins Shrink
