💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

KFC to test revamped sandwich after last year's fried chicken frenzy

Published 05/26/2020, 09:05 AM
Updated 05/26/2020, 09:10 AM
© Reuters. FILE PHOTO: A Kentucky Fried Chicken (KFC) logo is pictured in North Miami Beach
MCD
-
YUM
-
QSR
-

By Hilary Russ

NEW YORK (Reuters) - Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reignite last year's Great Chicken Sandwich Wars with rivals Popeyes and Chick-fil-A.

KFC, a unit of Yum! Brands Inc (N:YUM), will sell the new version of its chicken sandwich for 26 days - or until supplies run out - at 15 locations in and around Orlando, Florida for $3.99.

The larger chicken filet will come on a brioche bun with thick pickle slices and mayonnaise. That appears to be similar to traits that have made rivals' sandwiches such a hit with customers.

"We realized that our sandwich wasn't the one to beat and that wasn't okay for us," Andrea Zahumensky, KFC's chief marketing officer in the United States, told Reuters.

Popeyes Louisiana Kitchen, a unit of Restaurant Brands International Inc (TO:QSR), introduced a chicken sandwich and social media campaign in August 2019 that launched a war with the dominant chicken brand by market share, privately owned Chick-fil-A.

U.S. same-store sales for Popeyes soared and remained high, up 29% in the first quarter of 2020. KFC sales for the same period dropped 8%, according to I/B/E/S data from Refinitiv.

Popeyes this month launched its first store in China – in Shanghai – to huge crowds.

Even burger-centric McDonald's Corp (N:MCD) began testing a chicken sandwich by December on the urging of franchisees eager to tap into the trend.

KFC began reworking its existing chicken sandwich in the middle of 2019, Zahumensky said, testing pickles with different thicknesses and brines and working with six different bakeries to try at least 10 variations of buns.

KFC made another move last year, with a trial of a plant-based fried chicken product that sold out within about five hours, Zahumensky said. [nL3N25M31C] [nL1N29Y0W6]

© Reuters. FILE PHOTO: A Kentucky Fried Chicken (KFC) logo is pictured in North Miami Beach

"It was a great year for fried chicken," Zahumensky said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.