KFC introduced 'a part of the chicken that we somehow have not used in the last 30-some years.'
KFC was forced to get creative when Chinese poultry prices rose in the first three months of 2019. The restaurant chain rushed to protect its profit margins by introducing a cut of chicken it had never used before.
Poultry prices in China have risen this year due to a widespread outbreak of African Swine Fever that has hampered domestic pork production, as well as restrictions on poultry imports due to the US-China trade war,As a result, KFC — which has more than 6,000 restaurants in China — faced commodity inflation of 5% in the first quarter, the company said its earnings call.
"We expect poultry inflation to weigh on margins for the rest of the year," said Jacky Lo, CFO of Yum China, in the earnings report.
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