The company that runs the KFC, Taco Bell and Pizza Hut chains easily
beat first-quarter expectations, but that was overshadowed Wednesday by
tepid sales at established restaurants.
Worldwide sales at restaurants open at least a year climbed 1 percent
in the quarter. That’s down from last year’s 2 percent growth. Industry
analysts had expected that number to remain flat, not decline,
according to a FactSet survey. . . . more