JAKARTA, NETRALNEWS.COM - PT Fast Food Indonesia Tbk (FAST), the manager of fast food chain Kentucky Fried Chicken (KFC) targets to achieve sales of IDR6.03 trillion in 2018. Sales are projected to increase 10 percent compared to sales target throughout this year.
In its public exposure conveyed through information disclosure of Indonesia Stock Exchange (IDX), FAST management also targets to open 35 new outlets and 20 units of KFC Box next year. Meanwhile, at the end of September 2017, the company has owned 559 KFC sales outlets.
The company also expects sales to reach IDR5.48 trillion by year-end. As of September 2017, sales have reached IDR3.89 trillion with a current profit of IDR104.60 billion.
FAST, which is majority owned by Gelael and Indoritel Group, is optimistic it can achieve its targets because the average price of chicken in this year is cheaper than the previous year.
The company is also innovating its menu, penetrating the outer territory of the capital, and renovating a number of outlets with a trendy new design.
Meanwhile, the things that the company needs to watch out for in order to pursue its target is the increase in the minimum wage of workers, rising raw material prices, tight competition, US Dollar exchange rate, and increase in rental rates and service charges