Yum Brands comp sales miss as Pizza Hut continues to struggle

KFC and Taco Bell continued to show strong same-restaurant growth around the world, rising 3 percent and 7 percent, respectively. Both beat analysts' expectations.
  • Franchise India Buereau
Restaurant India

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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