Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales.
Pizza Hut reported same-store sales declines of 2%, missing expectations of 0.6% growth.
The pizza chain's U.S. same-store sales shrank 4%, while its international same-store sales were flat.
The Mexican-inspired chain reported same-store sales growth of 3%, missing StreetAccount estimates of 3.8%.
A year earlier, the chain reported same-store sales growth of 11%, fueled by the permanent return of its cult-favorite Mexican Pizza.
Persons:
Yum, Taco Bell, David Gibbs
Organizations:
KFC, Taco, Yum Brands, Taco Bell, Starbucks, LSEG
Locations:
Taco Bell, Edmonton, Edmonton , Alberta, Canada, Israel