Industry News | January 31, 2002

Tricon's January U.S. Same-Store Sales Up 5 Percent

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Tricon Global Restaurants, Inc., on Thursday reported that its January U.S. sales at restaurants open at least a year rose 5 percent, led by increases at its Taco Bell and KFC outlets.

For the four weeks ended January 26, U.S. comparable-store sales—the performance benchmark for retail and restaurant chains—rose 8 percent at both Taco Bell and KFC and were unchanged at Pizza Hut.

International system sales—including sales from company, franchise, license, and joint-venture restaurants—were up 9 percent, excluding the effects of the strong U.S. dollar. After converting to U.S. dollars, international sales were up 6 percent.

Shares of the Louisville, Kentucky–based company closed Wednesday at $54.30 on the New York Stock Exchange.