Neutral – TheNewsHub https://thenewshub.in Sun, 15 Dec 2024 02:53:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 Why fast-food companies like KFC and Chick-fil-A are betting on chicken tenders again https://thenewshub.in/2024/12/15/why-fast-food-companies-like-kfc-and-chick-fil-a-are-betting-on-chicken-tenders-again/ https://thenewshub.in/2024/12/15/why-fast-food-companies-like-kfc-and-chick-fil-a-are-betting-on-chicken-tenders-again/?noamp=mobile#respond Sun, 15 Dec 2024 02:53:15 +0000 https://thenewshub.in/2024/12/15/why-fast-food-companies-like-kfc-and-chick-fil-a-are-betting-on-chicken-tenders-again/

Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite.  

Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to Technomic’s Ignite Menu data. More eateries are adding chicken tenders to other dishes like salads and wraps.

Taco Bell, also owned by Yum! Brands, has been testing chicken strips in tacos and burritos. McDonald’s says it’s also testing out versions of its McCrispy sandwich, which will be available in nearly every global market by the end of 2025.

The snack, a $6 billion category for fast food, has transcended the kid’s menu. Just look at the success of Raising Cane’s, which offers a menu of entirely chicken fingers. The company reported its first billion-dollar quarter at the start of this year. Its same-store sales and traffic grew by double-digits during the third quarter.

That’s because of the product’s taste and value, which have turned customers into loyal fans, said Raising Cane’s co-CEO AJ Kumaran.

“They’re looking for everyday value. They’re not looking for a gimmick,” said Kumaran. “And we can deliver that. So we are, because of that, pretty bullish about where we are and how we will continue to deliver on that promise.”  

In October, KFC kicked off a “chicken tenders battle” campaign for its new tenders, featuring a satirical ad that calls out its rivals. KFC representatives also visited locations of Popeyes (owned by Restaurant Brands International), Chick-fil-A and Raising Cane’s in Baton Rouge, New Orleans and Atlanta to pass out free KFC samples in front of the competitor stores.  

Catherine Tan-Gillespie, the company’s new U.S. chief marketing officer, was hired less than two months prior to the launch.  

“We have the world’s best-tasting fried chicken tenders, so I felt that we should kick off a fight,” she said. 

So, which chicken chain will win out?

Watch this video to learn more.

]]>
https://thenewshub.in/2024/12/15/why-fast-food-companies-like-kfc-and-chick-fil-a-are-betting-on-chicken-tenders-again/feed/ 0
Meet the people driving billions of dollars in deals for Formula 1 https://thenewshub.in/2024/10/20/meet-the-people-driving-billions-of-dollars-in-deals-for-formula-1/ https://thenewshub.in/2024/10/20/meet-the-people-driving-billions-of-dollars-in-deals-for-formula-1/?noamp=mobile#respond Sun, 20 Oct 2024 04:00:02 +0000 https://thenewshub.in/2024/10/20/meet-the-people-driving-billions-of-dollars-in-deals-for-formula-1/

CNBC introduces you to the characters driving billions of dollars in deals off the F1 circuit, in the first of episode of this season of ‘Inside Track: The Business of Formula 1.’

In the high-octane world of Formula One, success is driven by more than just talented drivers and engineers. 

F1’s dealmakers have brokered billions of dollars in revenue off the circuit, generating cash from several places, including media rights, ticket sales, merchandising and sponsorship.

“Racing today is not enough. Our main source of success is because we are able to connect with our fans, understanding that we are a worldwide business,” said Stefano Domenicali, Formula One Group CEO, in an interview with CNBC’s Inside Track: The Business of Formula 1.

In fact, it was a major deal — Liberty Media’s acquisition of F1 in 2017 — that propelled the sport forward. Since then, F1 has expanded into the United States, introduced a cost cap that made teams more investable and broadened viewership to a younger audience. 

“We are not competing to any other sport. We are competing to different interests,” Domenicali said. 

“The young generation, they are comparing sport with movies, with other things that are relevant for them. So that’s where we need to be focused. That’s where we need to be strong, and that’s maybe the reason why we are so successful,” he added. 

Watch the video above for an in-depth look at the world of dealmaking in F1, featuring interviews with Formula One Group CEO Stefano Domenicali, McLaren Racing CEO Zak Brown, Williams Racing Team Principal James Vowles, Scuderia Ferrari HP Team Principal Fréd Vasseur and more.

]]>
https://thenewshub.in/2024/10/20/meet-the-people-driving-billions-of-dollars-in-deals-for-formula-1/feed/ 0