Yum! Brands (YUM) shares lost ground after the fast-food restaurant operator reported🀅 weaker-than expected earnings as sales fell at its KFC and Pizza Hut locations.

The company reported first quarter adjusted earnings per share (EPS) of $1.15, as revenue fell 3% to $1.60 bil🎉lion. Both were short of estimates. 

澳洲幸运5官方开奖结果体彩网:Same-store sales tumbled 3%, as Pizza Hut recorded a 7% decline and KFC registered a 2% decrease. Taco Bell same-store sales were up 1%.

Total U.S. revenue at KFC sl🎃umped 8%, and it slipped 6% at Pizཧza Hut. Both franchises also had a revenue drop in the Middle East, Turkey, North Africa market because of geopolitical tensions in the region, the company said.

Chief Executive Office David Gibbs said the company dealt with “a difficult operating environment.” He pointed to the gains made in digꦿital sales, which he noted exceeded 50% for the first time ever. 

Shares of Yum! Brands, which hit an all-time closing high on Monday, were down 4.5% at $134.93 at around 1:25 p.m. ET Wednesday.