Taco Bell sales help fast-food giant Yum Brands top expectations
Publishing timestamp: 2023-02-08 11:01:23
Summary
Yum Brands reported quarterly earnings and revenue that exceeded analysts' expectations, driven by strong same-store sales growth at Taco Bell. KFC and Pizza Hut's results were hurt by weak sales in China, but Taco Bell's international footprint surpassed 1000 locations during the quarter. Habit Burger Grill's system sales climbed 12%, thanks to Yum's rapid expansion of the chain.
Sentiment: POSITIVE
Keywords: starbucks corp, retail industry, yum! brands inc, markets, united states, restaurants, breaking news: business, business news, business, earnings,
Source: https://www.cnbc.com/2023/02/08/yum-brands-yum-earnings-q4-2022.html