Fast-food restaurant sales slump as more people eat at home [FOX Business Network]
Yum! Brands, Inc. (YUM)
Last yum! brands, inc. earnings: 4/29 07:00 am
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Source: FOX Business Network
That appears to be the case after companies such as Yum! Brands, Starbucks and McDonald's offered their latest quarterly updates on their businesses. In the first quarter, the corporate parent of KFC, Taco Bell and Pizza Hut said its overall same-store sales narrowed by 3%, which was "expected," said Yum! Brands CEO David Gibbs in the company's press release Wednesday. CFO Chris Turner told analysts and investors who tuned into the earnings call that Yum! Brands had expected the first quarter to "be our most challenged" in terms of same-store sales "due to prior year lapse, a return to a more normal inflationary environment and discrete consumer demand pressures, including markets impacted by the Middle East conflict." Of the three major brands owned by Yum! Brands, Pizza Hut and KFC both experienced decreases in same-store sales in the first quarter, at 7% for the pizza chain and 2% for the fried chicken chain. But the same metric at Taco Bell went up 1%, according to the comp
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News
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- PIZZA HUT ANNOUNCES KALEN THORNTON AS GLOBAL CHIEF BRAND OFFICERPR Newswire
- Yum! Brands, Inc. Declares Quarterly Dividend of $0.67 Per Share and Announces Authorization of up to $2.0 Billion in Share Repurchases [Yahoo! Finance]Yahoo! Finance
- Yum! Brands, Inc. Declares Quarterly Dividend of $0.67 Per Share and Announces Authorization of up to $2.0 Billion in Share RepurchasesBusiness Wire
YUM
Earnings
- 5/1/24 - Miss
YUM
Sec Filings
- 5/20/24 - Form 4
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- YUM's page on the SEC website