Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectation as same-store sales at KFC and Pizza Hut slid more than expected.
Yum's worldwide same-store sales fell 2% in the quarter, dragged down by weaker performances at KFC and Pizza Hut, which both reported same-store sales declines of 4%.
KFC's U.S. same-store sales slid 5% this quarter.
The pizza chain saw its international same-store sales shrink 6%, while U.S. same-store sales fell just 1%.
Taco Bell, the gem of Yum's portfolio, reported same-store sales growth of 4%.
Persons:
Yum, David Gibbs, Popeyes, Taco Bell
Organizations:
Yum Brands, KFC, LSEG, KFC's, U.S
Locations:
China, U.S