(photo by Mike Kemp/In Pictures via Getty Images)Yum Brands on Wednesday reported third-quarter revenue that fell short of analysts' expectations, hurt by weak same-store sales growth at Pizza Hut.
Yum China CFO Andy Yeung said that sales had softened in late September through October, hurting its fourth-quarter results.
But in the U.S., its second-largest market, KFC saw flat same-store sales growth.
The pizza chain reported 2% same-store sales growth for international restaurants and flat same-store sales in the U.S.Pizza Hut isn't the only pizza chain that has struggled to win over U.S. consumers.
Rival Domino's Pizza reported a 0.6% drop in same-store sales during its third quarter.
Persons:
Mike Kemp, Andy Yeung, Yum, David Gibbs, Gibbs, Chick, Taco Bell
Organizations:
Getty, Brands, Refinitiv, Indian, Taco, KFC, U.S
Locations:
Birmingham, United Kingdom, China, Taco Bell's U.S, U.S