From CNBC: 2024-11-05 10:01:20

Yum Brands reported Q3 earnings and revenue below expectations, with KFC and Pizza Hut same-store sales declining more than anticipated. CEO David Gibbs cited regional sales variations impacting system-sales growth. Yum raised its long-term growth targets for 2022. Net income fell to $382 million, with worldwide same-store sales dropping 2%. KFC and Pizza Hut saw significant declines, while Taco Bell reported 4% same-store sales growth. KFC will focus on value in Q4, while Pizza Hut is offering more discounts in international markets. Taco Bell’s sales were boosted by new menu items and value meals, leading the industry in value perception.



Read more at CNBC: Yum Brands (YUM) Q3 2024 earnings