KFC Indonesia reported a web lack of IDR557.08 billion (over US$36 million) as of the third quarter of this yr, ensuing within the firm’s closure of 47 shops and sack of two,274 staff.
In its monetary report, KFC Indonesia’s proprietor, Gelael and Salim Group below PT Quick Meals Indonesia Tbk (FAST), disclosed that within the first 9 months of this yr, the corporate decreased its operational retailer rely to 715 from the 2023 determine of 762. Its workforce has additionally considerably decreased, now standing at over 13,700 staff in comparison with almost 16,000 beforehand.
Probably the most substantial think about FAST’s income decline was a pointy drop in meals and beverage gross sales, totaling 3.57 trillion IDR as of the third quarter, an annual lower of twenty-two.4%.
FAST’s leaders attributed these downturns to the extended damaging impacts of the COVID-19 pandemic. Restoration has but to assist the corporate attain its anticipated sale targets, whereas market circumstances have additional deteriorated.
