Yum Brands stock dropped 3% due to earnings miss and weak US sales in a challenging consumer environment. CEO David Gibbs acknowledged areas for improvement including value perception and innovation.

Earnings per share were $1.44, missing the expected $1.46. Quarterly revenue reached $1.93 billion, close to the projected $1.94 billion.

In the US, KFC and Pizza Hut saw a 5% decline in same-store sales, while Taco Bell experienced a 6% growth in system sales.

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