Yum Brands recently reported disappointing quarterly earnings, with both KFC and Pizza Hut experiencing significant declines in same-store sales.

Financial Results

The company's financial results fell short of expectations, highlighting the challenges in the fast-food sector.

• Adjusted earnings per share: $1.37 (below anticipated $1.41)
• Revenue: $1.83 billion (compared to forecasted $1.90 billion)
• Net income for the quarter: $382 million (a decline from $416 million in the same period last year)

Sales Performance

Same-store sales at KFC and Pizza Hut declined by 4%, with KFC also experiencing a 5% decrease in the U.S. market.

On the other hand, Taco Bell reported a 4% increase in same-store sales, driven by successful product launches and a value meal offering.

Future Goals

Looking ahead, Yum Brands aims for:

• 5% unit growth
• 7% system-sales growth
• 8% operating profit growth

The company acknowledges the need to adapt to evolving market conditions and consumer behavior.