Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
Publishing timestamp: 2024-05-01 10:05:41
Summary
Yum Brands reported quarterly earnings and revenue that missed Wall Street's estimates, with KFC and Pizza Hut reporting same-store sales declines. Taco Bell was the only brand to report same-store sales growth. Yum's digital sales accounted for more than 50% of sales for the first time, but the company's overall performance was impacted by struggles in its international business, particularly in the Middle East.
Sentiment: NEGATIVE
Tickers: YUM,
Keywords: markets, business, restaurants, yum! brands inc, earnings, dividends, breaking news: business, breaking news: markets, business news, retail industry,
Source: https://www.cnbc.com/2024/05/01/yum-brands-yum-q1-2024-earnings.html