Yum Brands' Q2 Earnings Top Estimates While Revenue Disappoints. Taco Bell Drives Yum Brands' Growth.

Benzinga 2024-08-06

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Yum Brands reported mixed second-quarter results, with earnings per share topping estimates but revenue falling short. Same-store sales decreased 1% overall for Yum, as KFC and Pizza Hut saw declines of 3%. Only Taco Bell reported growth, with a 5% increase. Taco Bell continues to outperform rivals with its reputation for value resonating with cost-conscious customers. Yum is expanding artificial intelligence to hundreds more Taco Bell drive-thrus by year-end to enhance the digital experience.

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