Yum Brands comp sales miss as Pizza Hut continues to struggle
Yum Brands comp sales miss as Pizza Hut continues to struggle

Fewer diners ate at the YUM Brands' Pizza Hut Restaurants resulting in a smaller than expected rise is the master franchisee's quarterly sales.

Experts had expected a decline of about 1.5 per cent in its sales, which actually happened to be just 1 per cent.

KFC and Taco Bell continued to show strong same-restaurant growth around the world, rising 3 percent and 7 percent, respectively, both beating the analysts' expectations drastically. 

Net income from continuing operations fell to $206 million, or 58 cents per share, in the second quarter, from $266 million, or 64 cents per share, a year earlier, hurt in part by higher expenses related to sprucing up its Pizza Hut stores.

Excluding items, the company earned 68 cents per share. Net sales fell 4 percent to $1.45 billion.

 
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