Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC reported U.S. same-store sales declines.
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Yum Brands
on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines.
Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Yum reported second-quarter net income of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a year earlier.
Same-store sales at Taco Bell and KFC rose, while Pizza Hut reported same-store sales fell 1%.
Yum China's HK-traded shares are down about 3% since Tuesday, even as the KFC and Pizza Hut operator posted 4% year-on-year…
Taco Bell's same-store sales increased 8% in the quarter, fueling the company's outperformance.
Taco Bell's same-store sales spiked 7% in the quarter.
The firm upgraded the fast food conglomerate to outperform from in line.
Yum Brands announced Tuesday that it will begin a formal review of strategic options for its subsidiary Pizza Hut, setting the…
