Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
Yum!(YUM) CNBC·2024-05-01 19:04
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas.Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers.Shares of the company fell 3% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.15 adjusted vs. $1.20 expectedRevenue: $1.6 billion vs. $1.71 billion expectedYum reported first-quarter n ...