Yum Brands disappoints as Middle East conflict weighs on sales growth
Publishing timestamp: 2024-02-07 09:25:26
Summary
Yum Brands reported quarterly earnings and revenue that missed analysts' expectations. The sales of KFC, Taco Bell, and Pizza Hut were weaker than expected. Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023, following Starbucks and McDonald's. Yum attributed the sales impact to the Israel-Hamas war. The company's stock fell 1% in premarket trading.
Sentiment: NEGATIVE
Keywords: breaking news: markets, restaurants, starbucks corp, mcdonald's corp, retail industry, markets, breaking news: earnings, yum! brands inc, earnings, business news, breaking news: business, business,
Source: https://www.cnbc.com/2024/02/07/yum-brands-yum-q4-2023-earnings.html