{
David Gibbs

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yum brands reports earnings miss as kfc and pizza hut sales decline

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.
CNBC
United States Dollar Yum! Brands, Inc. Popeyes Louisiana Kitchen Inc. CHN USA IDN MYS IND David Gibbs Show more
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13:22 05.11.2024
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