Thursday, August 2, 2018

Pizza Hut and Taco Bell comps fall short of expectations

Yum Brands Inc’s quarterly sales fell short of Wall Street estimates on Thursday, as fewer customers dined at its Pizza Hut and Taco Bell chains.

Same-store sales at Pizza Hut posted a surprise drop of 1 percent, missing expectations of a 1.21 percent increase, while Taco Bell’s 2 percent rise also fell short of estimates.. . . more