Yum Brands Misses Q2 Targets As Pizza Hut, KFC U.S. Sales Fall

Yum Brands reported second-quarter earnings and revenue below analyst expectations, according to CNBC. The restaurant group reported adjusted earnings of $1.44 per share on $1.93 billion in revenue, narrowly missing analyst expectations of $1.46 and $1.94 billion, respectively. Same-store sales rose 2% overall, though KFC and Pizza Hut each saw 5% declines in the U.S. market. Taco Bell reported 4% same-store sales growth both domestically and internationally during the quarter. Yum’s restaurant count grew 3% in the quarter, driven by 871 new openings primarily from international KFC locations.