Yum Brands' Q4 Same-Store Sales Growth Misses Expectations for KFC, Pizza Hut, and Taco Bell

2024-02-07 449

Yum Brands reported fourth-quarter earnings that missed analyst expectations for revenue and same-store sales across its KFC, Taco Bell, and Pizza Hut brands. Revenue was $2.04 billion, missing the expected $2.11 billion. Earnings per share were $1.26, missing the expected $1.40. Same-store sales growth for KFC was +2%, missing the expected +4.7%. Pizza Hut same-store sales declined -2%, missing 0% growth expectations. Taco Bell same-store sales grew +3%, missing the +3.8% expectation.