Yum Brands reported fourth-quarter earnings that missed analyst expectations for revenue and same-store sales across its KFC, Taco Bell, and Pizza Hut brands. Revenue was $2.04 billion, missing the expected $2.11 billion. Earnings per share were $1.26, missing the expected $1.40. Same-store sales growth for KFC was +2%, missing the expected +4.7%. Pizza Hut same-store sales declined -2%, missing 0% growth expectations. Taco Bell same-store sales grew +3%, missing the +3.8% expectation.
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00:00 It's Benzinga and here's what's on the block. Yum Brands reported 4th quarter earnings that
00:04 missed analysts' expectations for revenue at same-store sales across its KFC, Taco Bell,
00:08 and Pizza Hut brands. Revenue was $2.04 billion, missing the expected $2.1 billion. Earnings per
00:14 share were $1.26, missing the expected $1.40. Same-store sales growth for KFC was +2%, missing
00:20 the expected $4.7. Pizza Hut same-store sales declined to -2%, missing 0% growth expectations.
00:26 Taco Bell same-store sales grew 3%, missing the 3.8% expectation. And it was the third major
00:31 global restaurant chain to report a miss after McDonald's and Starbucks also reported disappointing
00:36 Q4 results. For all things money, visit Benzinga.com.