Yum Brands' Q2 Earnings Top Estimates While Revenue Disappoints. Taco Bell Drives Yum Brands' Growth.

Benzinga
Benzinga
  • 2 months ago
Yum Brands reported mixed second-quarter results, with earnings per share topping estimates but revenue falling short. Same-store sales decreased 1% overall for Yum, as KFC and Pizza Hut saw declines of 3%. Only Taco Bell reported growth, with a 5% increase. Taco Bell continues to outperform rivals with its reputation for value resonating with cost-conscious customers. Yum is expanding artificial intelligence to hundreds more Taco Bell drive-thrus by year-end to enhance the digital experience.
Transcript
00:00It's Benzinga and here's what's on the block.
00:02Yum! Brands reported mixed second quarter results with earnings per share topping estimates
00:06but revenue falling short.
00:08Same store sales decreased 1% overall for Yum! as both KFC and Pizza Hut saw declines
00:13of 3%.
00:15Only Taco Bell reported growth with a 5% increase.
00:19Taco Bell continues to outperform rivals with its reputation for value resonating with cost
00:23conscious customers.
00:25Yum! is expanding artificial intelligence to hundreds more Taco Bell drive-thrus by
00:29year-end to enhance the digital experience.
00:31For all things money, visit Benzinga.com.

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