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Indonesia

Indonesia

Fast Food Indonesia targets 26% sales growth
Fast Food Indonesia, which operates KFC and Taco Bell is targeting a sales growth of 26% to USD422 million this year. The growth is expected to come from higher sales from existing and new outlets, including 25 new KFC outlets and two Taco Bell outlets by end-2022. The group is also targeting to record profit of around USD6-9 million for 2022, significantly higher than USD19 million loss recorded in 2021.