Yum Brands reported third-quarter earnings that fell short of expectations, with KFC and Pizza Hut experiencing significant same-store sales declines of 4%. The company’s net income dropped to $382 million, impacted by geopolitical tensions and shifting consumer sentiment, particularly in the Middle East. In contrast, Taco Bell achieved a 4% growth in same-store sales, driven by new menu items and strong value perception among consumers.
Restaurant Brands International reported third-quarter earnings and revenue that fell short of expectations, with same-store sales growth of just 0.3%. Burger King, Firehouse Subs, and Popeyes experienced declines in their home markets, while Tim Hortons was the only brand to show growth. The company has adjusted its full-year sales growth outlook to 5% to 5.5%, down from 5.5% to 6%.
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