澳洲幸运5官方开奖结果体彩网

Strong Sales at Taco Bell Help Lift Shares of Yum! Brands

By
澳洲幸运5官方开奖结果体彩网:Bill McColl
Bill McColl
澳洲幸运5官方开奖结果体彩网:Full Bio

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Published November 05, 2024
12:37 PM EST
2015 top ten most popular us retail restaurants taco_bell_public_domain
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Key Takeaways

  • Taco Bell sales help offset weakness in other Yum! Brands franchises, boosting shares of the company.
  • Same-store sales at Taco Bell advanced 4%, while they dropped 4% at KFC and Pizza Hut.
  • CEO David Gibbs said the fast-food restaurant chain's results were impacted by geopolitical conflicts and a weak consumer environment.

Shares of Yum! Brands (YUM) advanced as the restaurant chain operator got a boost from its Taco Bell fra𒈔ꦚnchise.

In the third quarter, Taco Bell 澳洲幸运5官方开奖结果体彩网:same-store sales rose 4%. That helped offset a drop of 4% at b༺oth its KFC and Pizza Hut locations. Overall, Yum! Brands reported same-store sales were down 2% worldwide.

澳洲幸运5官方开奖结果体彩网:Earnings per share (EPS) came in at $1.37, with revenue up 7% to $1.💫83 billion. Both missed estimates.

CEO David Gibbs said the company navigated “a complex consumer environment.” He added that sales were impacted by “pressures relating to geopolitical conflicts and challenged consumer sentiment.”

Gibbs also said that Taco Bell “significantly outperformed” competition from rival Restaurant Brands International (QSR). The owner of Burger King posted consolidated comparable sales grew just 0.3%.

Gibbs noted that looking at sales trends, the company was optimistic Taco Bell's momentum is continuing into the current quarter.

Yum! Brands shares are up about 6% so🍨 far in 2024.

YUM

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  1. Yum! Brands. "."

  2. Restaurant Brands International. "."

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