Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers.
Yum's global same-store sales also fell 3% in the quarter, missing StreetAccount estimates of 0.2% same-store sales growth.
Across Yum's three largest brands, only Taco Bell reported same-store sales growth.
Taco Bell's U.S. locations reported same-store sales growth of 2%, while its international business posted a decline of 2%.
Pizza Hut reported same-store sales dropped 7%, as demand lagged both in its home market and internationally.
Persons:
Taco Bell, Yum
Organizations:
Yum Brands, KFC, LSEG
Locations:
Austin , Texas, Yum's, Mexican, Bell's U.S, U.S, China