From CNBC: 2024-05-01 09:49:47

Yum Brands reported lower-than-expected earnings and revenue due to challenges at Pizza Hut and KFC, causing shares to drop over 4%. Net income was $314 million, with earnings per share at $1.15, and net sales dropped 3% to $1.6 billion. Taco Bell saw a 1% increase in same-store sales, while KFC and Pizza Hut experienced declines of 2% and 7%, respectively.
In the second quarter, Yum plans to expand AI drive-thru ordering at Taco Bell and reported that digital sales accounted for over 50% of total sales for the first time. Despite challenges in the Middle East, the company’s global footprint grew 6% in the quarter due to 808 new restaurant openings.



Read more at CNBC: Yum Brands (YUM) Q1 2024 earnings