Wednesday, May 2, 2018

Yum Brands big 1Q numbers overshadowed by same-store sales

Image result for yum brandsThe 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