Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint

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KFC and Pizza Hut reported same-store sales declines, while Taco Bell’s same-store sales rose just 1%.

KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Yum reported first-quarter net income of $314 million, or $1.10 per share, up from $300 million, or $1.

Across Yum's three largest brands, only Taco Bell reported same-store sales growth. The metric rose 1% during the quarter at the Mexican-inspired chain. Taco Bell's U.S. locations reported same-store sales growth of 2%, while its international business posted a decline of 2%.

 

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