We all know that the cost of living is rising – and fast. Whether it’s petrol, groceries, or your internet and power bills, everything seems to be getting more and more expensive.

And unfortunately for our members who are KFC fans, we have some bad news – it looks like you'll have to start shelling out a bit more cash for your favourite fried chicken meals.

According to fresh reports, Collins Foods – the entity behind 263 KFC restaurants across the country – admitted that price rises should be expected as their operation costs climb..

The company reported that the skyrocketing cost of food products such as chicken, lettuce, and oil, which are necessary for KFC’s dishes and snacks, has put a dent in its revenue, meaning that it won’t be able to recover from this expense until 2025.

‘Additional menu pricing and procurement initiatives are expected to mitigate further cost inflation into FY24, though full margin recovery may extend into FY25 and beyond,’ Collins Foods wrote in its half-year results.

While the fast food chain has hinted at future price rises, it hasn't specified how much the price of its chicken will go up. Credit: Pexels.

The fast food giant, however, declined to disclose the exact percentage prices are expected to rise. But according to reports, the company will continue to maintain increases ‘at or below’ inflation.

While KFC’s Chief Executive Drew O’Malley cited inflation as the major reason behind the company’s previous price hikes, he reiterated that the company will always make sure to ‘keep value at the centre of their customer appeal’.

Even amid an ‘unfavourable consumer landscape,’ Mr O’Malley claims that the company’s brand is still intact. He admitted though that the company is expecting ‘inflationary pressures to remain in the near-term’.

‘Top-line growth has continued at an impressive rate, which has allowed us to mitigate some of the considerable margin headwinds experienced across the business while maintaining the brand’s value proposition,’ he added.

‘KFC’s brand strength in particular allows us to be well-positioned to appeal to consumers regardless of economic conditions.'

Key Takeaways

• KFC fans can expect menu prices to rise in order to keep up with food inflation.
• The company plans to keep menu price increases ‘at or below’ inflation.
• KFC's Chief Executive claims they are still well-positioned to appeal to consumers.

Do you think it's fair that KFC will soon increase prices as well? Share your opinions with us in the comments below.

 

[Suzanne rose]

To be honest I don't eat KFC but I don't think this is a good time for any company to increase their prices

I have a recipe for chicken that tastes like KFC without the greasiness

 

[Ricci]

They could put their prices up to $100 a burger and it wouldn't make any difference for me. I don't buy KFC so it's no problem but maybe (hopefully) it will price itself out of some peoples diet and they will turn to more healthy options!

 

[Macarj]

Of course they could absorb the cost and make a bit less profit but companies will always pass it on to customers they will never suffer if every body didn't go to a KFC or other companies for a month and the message got out to these companies they would panic and rapidly drop their prices but of course it's very difficult to organize a nation to do one thing

 

[Pat T]

Like KFC or hate it, all businesses are in the same boat. Everyone is on the band wagon. Increases in rent , insurance, power, gas , water ,cleaning products etc. The only one that doesn’t get any increase is the farmer. Any one who hasn’t upped their prices- be prepared, it’s coming.

 

[Donski]

We all know that the cost of living is rising – and fast. Whether it’s petrol, groceries, or your internet and power bills, everything seems to be getting more and more expensive.

And unfortunately for our members who are KFC fans, we have some bad news – it looks like you'll have to start shelling out a bit more cash for your favourite fried chicken meals.

According to fresh reports, Collins Foods – the entity behind 263 KFC restaurants across the country – admitted that price rises should be expected as their operation costs climb..

The company reported that the skyrocketing cost of food products such as chicken, lettuce, and oil, which are necessary for KFC’s dishes and snacks, has put a dent in its revenue, meaning that it won’t be able to recover from this expense until 2025.

‘Additional menu pricing and procurement initiatives are expected to mitigate further cost inflation into FY24, though full margin recovery may extend into FY25 and beyond,’ Collins Foods wrote in its half-year results.

While the fast food chain has hinted at future price rises, it hasn't specified how much the price of its chicken will go up. Credit: Pexels.

The fast food giant, however, declined to disclose the exact percentage prices are expected to rise. But according to reports, the company will continue to maintain increases ‘at or below’ inflation.

While KFC’s Chief Executive Drew O’Malley cited inflation as the major reason behind the company’s previous price hikes, he reiterated that the company will always make sure to ‘keep value at the centre of their customer appeal’.

Even amid an ‘unfavourable consumer landscape,’ Mr O’Malley claims that the company’s brand is still intact. He admitted though that the company is expecting ‘inflationary pressures to remain in the near-term’.

‘Top-line growth has continued at an impressive rate, which has allowed us to mitigate some of the considerable margin headwinds experienced across the business while maintaining the brand’s value proposition,’ he added.

‘KFC’s brand strength in particular allows us to be well-positioned to appeal to consumers regardless of economic conditions.'

Key Takeaways

• KFC fans can expect menu prices to rise in order to keep up with food inflation.
• The company plans to keep menu price increases ‘at or below’ inflation.
• KFC's Chief Executive claims they are still well-positioned to appeal to consumers.

Do you think it's fair that KFC will soon increase prices as well? Share your opinions with us in the comments below.

We all know that the cost of living is rising – and fast. Whether it’s petrol, groceries, or your internet and power bills, everything seems to be getting more and more expensive.

And unfortunately for our members who are KFC fans, we have some bad news – it looks like you'll have to start shelling out a bit more cash for your favourite fried chicken meals.

According to fresh reports, Collins Foods – the entity behind 263 KFC restaurants across the country – admitted that price rises should be expected as their operation costs climb..

The company reported that the skyrocketing cost of food products such as chicken, lettuce, and oil, which are necessary for KFC’s dishes and snacks, has put a dent in its revenue, meaning that it won’t be able to recover from this expense until 2025.

‘Additional menu pricing and procurement initiatives are expected to mitigate further cost inflation into FY24, though full margin recovery may extend into FY25 and beyond,’ Collins Foods wrote in its half-year results.

While the fast food chain has hinted at future price rises, it hasn't specified how much the price of its chicken will go up. Credit: Pexels.

The fast food giant, however, declined to disclose the exact percentage prices are expected to rise. But according to reports, the company will continue to maintain increases ‘at or below’ inflation.

While KFC’s Chief Executive Drew O’Malley cited inflation as the major reason behind the company’s previous price hikes, he reiterated that the company will always make sure to ‘keep value at the centre of their customer appeal’.

Even amid an ‘unfavourable consumer landscape,’ Mr O’Malley claims that the company’s brand is still intact. He admitted though that the company is expecting ‘inflationary pressures to remain in the near-term’.

‘Top-line growth has continued at an impressive rate, which has allowed us to mitigate some of the considerable margin headwinds experienced across the business while maintaining the brand’s value proposition,’ he added.

‘KFC’s brand strength in particular allows us to be well-positioned to appeal to consumers regardless of economic conditions.'

Key Takeaways

• KFC fans can expect menu prices to rise in order to keep up with food inflation.
• The company plans to keep menu price increases ‘at or below’ inflation.
• KFC's Chief Executive claims they are still well-positioned to appeal to consumers.

Do you think it's fair that KFC will soon increase prices as well? Share your opinions with us in the comments below.

Well the last 2 time’s I’ve bought chicken the pieces were small. So no, the prices should be reduced.

 

[Petra]

To be honest I don't eat KFC but I don't think this is a good time for any company to increase their prices

I have a recipe for chicken that tastes like KFC without the greasiness

Would so love to have your recipe Suzanne - my email address is [email protected] ... Please and Thank You ♥

 

[Shane O'Neill]

We all know that the cost of living is rising – and fast. Whether it’s petrol, groceries, or your internet and power bills, everything seems to be getting more and more expensive.

And unfortunately for our members who are KFC fans, we have some bad news – it looks like you'll have to start shelling out a bit more cash for your favourite fried chicken meals.

According to fresh reports, Collins Foods – the entity behind 263 KFC restaurants across the country – admitted that price rises should be expected as their operation costs climb..

The company reported that the skyrocketing cost of food products such as chicken, lettuce, and oil, which are necessary for KFC’s dishes and snacks, has put a dent in its revenue, meaning that it won’t be able to recover from this expense until 2025.

‘Additional menu pricing and procurement initiatives are expected to mitigate further cost inflation into FY24, though full margin recovery may extend into FY25 and beyond,’ Collins Foods wrote in its half-year results.

While the fast food chain has hinted at future price rises, it hasn't specified how much the price of its chicken will go up. Credit: Pexels.

The fast food giant, however, declined to disclose the exact percentage prices are expected to rise. But according to reports, the company will continue to maintain increases ‘at or below’ inflation.

While KFC’s Chief Executive Drew O’Malley cited inflation as the major reason behind the company’s previous price hikes, he reiterated that the company will always make sure to ‘keep value at the centre of their customer appeal’.

Even amid an ‘unfavourable consumer landscape,’ Mr O’Malley claims that the company’s brand is still intact. He admitted though that the company is expecting ‘inflationary pressures to remain in the near-term’.

‘Top-line growth has continued at an impressive rate, which has allowed us to mitigate some of the considerable margin headwinds experienced across the business while maintaining the brand’s value proposition,’ he added.

‘KFC’s brand strength in particular allows us to be well-positioned to appeal to consumers regardless of economic conditions.'

Key Takeaways

• KFC fans can expect menu prices to rise in order to keep up with food inflation.
• The company plans to keep menu price increases ‘at or below’ inflation.
• KFC's Chief Executive claims they are still well-positioned to appeal to consumers.

Do you think it's fair that KFC will soon increase prices as well? Share your opinions with us in the comments below.

Well the chook size has obviously gone from a big size chook to a smaller size so there's a saving for the company while ripping of the consumer so why wouldn't price's go up its about profits and Macca's is the same smaller sizes and exorbitant price's it's profits over consumers

 

[Chris P Bacon]

We tried Coles's southern fried chicken about a year ago. Did it in the oven and have not stopped eating it since. Better than KFC and nowhere near the greasy mess.
There is also a Steggles chicken coating sold by Woolies that is the best ever. Again done in the oven. However, I changed the way it is prepared some years ago for a far tastier crisper coating.
Super simple with the lower cost of DIY as well.

 

[DavidC57]

I have also discovered other similar Southern Style chicken options:-
from Woolworths, "Tegel Take Outs", and,
from Coles, "Family Faves" various chicken styles

When done in airfryer, both brands are better than KFC

 

[DavidC57]

To be honest I don't eat KFC but I don't think this is a good time for any company to increase their prices

I have a recipe for chicken that tastes like KFC without the greasiness

As has been requested, can you share your Chicken recipe with fellow members, please ?

 

[Suzanne rose]

As has been requested, can you share your Chicken recipe with fellow members, please ?

I will happily do that

 

[Suzanne rose]

As has been requested, can you share your Chicken recipe with fellow members, please ?

I will post it tonight so if you look in recipes you will see it. I think I already posted the KFC gravy

 

[Esma Rose]

from one unselfish lover of chicken to another a big hug for your recipe. No relation dear. Esma Rose xx

 

[Suzanne rose]

Would so love to have your recipe Suzanne - my email address is [email protected] ... Please and Thank You ♥

I ve just posted 2 recipes in the recipe section

 

[Suzanne rose]

As has been requested, can you share your Chicken recipe with fellow members, please ?

I've just posted my family's favourite 2 recipes in the recipe section . One is fried KFC chicken the other is tenders in the oven

 

[Tipsy]

We all know that the cost of living is rising – and fast. Whether it’s petrol, groceries, or your internet and power bills, everything seems to be getting more and more expensive.

And unfortunately for our members who are KFC fans, we have some bad news – it looks like you'll have to start shelling out a bit more cash for your favourite fried chicken meals.

According to fresh reports, Collins Foods – the entity behind 263 KFC restaurants across the country – admitted that price rises should be expected as their operation costs climb..

The company reported that the skyrocketing cost of food products such as chicken, lettuce, and oil, which are necessary for KFC’s dishes and snacks, has put a dent in its revenue, meaning that it won’t be able to recover from this expense until 2025.

‘Additional menu pricing and procurement initiatives are expected to mitigate further cost inflation into FY24, though full margin recovery may extend into FY25 and beyond,’ Collins Foods wrote in its half-year results.

While the fast food chain has hinted at future price rises, it hasn't specified how much the price of its chicken will go up. Credit: Pexels.

The fast food giant, however, declined to disclose the exact percentage prices are expected to rise. But according to reports, the company will continue to maintain increases ‘at or below’ inflation.

While KFC’s Chief Executive Drew O’Malley cited inflation as the major reason behind the company’s previous price hikes, he reiterated that the company will always make sure to ‘keep value at the centre of their customer appeal’.

Even amid an ‘unfavourable consumer landscape,’ Mr O’Malley claims that the company’s brand is still intact. He admitted though that the company is expecting ‘inflationary pressures to remain in the near-term’.

‘Top-line growth has continued at an impressive rate, which has allowed us to mitigate some of the considerable margin headwinds experienced across the business while maintaining the brand’s value proposition,’ he added.

‘KFC’s brand strength in particular allows us to be well-positioned to appeal to consumers regardless of economic conditions.'

Key Takeaways

• KFC fans can expect menu prices to rise in order to keep up with food inflation.
• The company plans to keep menu price increases ‘at or below’ inflation.
• KFC's Chief Executive claims they are still well-positioned to appeal to consumers.

Do you think it's fair that KFC will soon increase prices as well? Share your opinions with us in the comments below.

I may like the taste of their chicken but I refuse to buy it because of the prices... I will not pay $40 for 9 pieces of chicken which amounts to 1 whole chook, no way Jose

 

[Donski]

They could put their prices up to $100 a burger and it wouldn't make any difference for me. I don't buy KFC so it's no problem but maybe (hopefully) it will price itself out of some peoples diet and they will turn to more healthy options!

Whatever