Yum Brands Falls Short Of Q3 Earnings And Revenue Expectations As KFC, Pizza Hut Struggle

2024-11-06 135

Yum Brands missed analysts' expectations for third-quarter earnings and revenue due to regional sales declines at KFC and Pizza Hut, driven by a complex consumer environment and global tensions. Yum Brands reported adjusted earnings per share and revenue below analysts' expectations. KFC and Pizza Hut saw same-store sales fall 4%, with KFC particularly impacted by Middle Eastern conflicts, contributing to a 45% drop in regional sales since last year. Taco Bell saw a 4% rise in same-store sales, fueled by new menu items and value promotions.

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