Yum Brands reported quarterly earnings and revenue below expectations, with Pizza Hut and KFC reporting U.S. same-store sales declines. Earnings per share were $1.44, lower than the expected $1.46, while revenue was $1.93 billion against an expected $1.94 billion. Net sales rose 10% to $1.93 billion, with digital transactions accounting for 57% of sales.

KFC’s international restaurants saw a 2% same-store sales growth, but domestically, sales slid 5%. The chain is struggling to resonate with consumers due to value messaging and new menu items. KFC’s U.S. same-store sales decline has led to leadership changes, with new executives taking over key roles.

Pizza Hut reported a 1% global same-store sales decline, with a 5% drop in U.S. sales. Competition and weaker demand in the home market have impacted sales. Leadership is addressing the issue with new promotions and a focus on improving the value message. Taco Bell, on the other hand, reported a 4% same-store sales growth, driven by new product launches.

Taco Bell’s international business saw a 4% same-store sales increase. Yum’s total restaurant count rose by 3%, largely due to international KFC openings. CEO David Gibbs praised Yum’s performance in a challenging consumer environment, highlighting Taco Bell’s success and the company’s overall resilience.

Read more at CNBC: Yum Brands (YUM) Q2 2025 earnings