Pizza Hut India operator Sapphire misses Q4 profit view on slow demand [Reuters]
Yum! Brands, Inc. (YUM)
Last yum! brands, inc. earnings: 4/29 07:00 am
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Source: Reuters
BENGALURU, May 10 (Reuters) - KFC, Pizza Hut operator Sapphire Foods India posted a bigger-than-expected fall in fourth-quarter profit on Friday, its fourth straight quarterly profit fall, as inflation-weary customers continued to cut back on dining out and ordering in. The Yum Brands franchisee's consolidated net profit fell 98% to 23.9 million Indian rupees ($286,271.4) for the quarter ended March 31, from 1.36 billion rupees a year ago. Analysts, on average, had expected a profit of 44.5 million rupees, according to LSEG data. ($1 = 83.4872 Indian rupees) (This story has been corrected to say that the profit fell for the quarter ending March 31, not December 31, in paragraph 2) Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up Reporting by Ashna Teresa Britto in Bengaluru; Editing by Janane Venkatraman Our Standards:
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YUM
News
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- PIZZA HUT ANNOUNCES KALEN THORNTON AS GLOBAL CHIEF BRAND OFFICER [Yahoo! Finance]Yahoo! Finance
- PIZZA HUT ANNOUNCES KALEN THORNTON AS GLOBAL CHIEF BRAND OFFICERPR Newswire
YUM
Earnings
- 5/1/24 - Miss
YUM
Sec Filings
- 5/21/24 - Form 8-K
- 5/20/24 - Form 4
- 5/17/24 - Form 144
- YUM's page on the SEC website