Tuesday 28 June 2022 11:48 PM KFC prices may rise for third time in 2022 as lettuce shortage to continue ... trends now
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KFC is set to raise its prices for the third time in 2022 despite bullish growth - and will continue to put cabbage on the burgers in place of lettuce.
While business is booming for KFC, Drew O'Malley, chief executive of Collins Foods, confirmed a price rise of 1-2 per cent was likely, although he couldn't say when the rise would come.
Mr O'Malley also said cabbage would continue to be added to KFC burgers for at least the next month.
He expected the shortage of lettuce would be back to normal in five to seven weeks - so about the middle of August.
Collins Foods, which operates KFC and Taco Bell in Australia and KFC in Europe, on Tuesday announced revenue was up 11 per cent to $1.18 billion.
KFC indicated it may increase prices by one to two per cent - similar to its hikes in January and June 2022.
The results were