REFILE-UPDATE 1-KFC operator Yum's same-store sales, profit falls as lockdowns bite [Reuters]
Yum! Brands, Inc. (YUM)
Last yum! brands, inc. earnings: 4/29 07:00 am
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Source: Reuters
KFC operator Yum's same-store sales, profit as lockdowns bite (Reuters) - Yum Brands Inc ( YUM.N ) reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to delivery and take-away due to lockdowns to curb the spread of the novel coronavirus. The company said it incurred a goodwill impairment charge of $139 million from its purchase of Habit Burger Grill, a burger chain it bought earlier this year. “First-quarter results reflect two different realities. We began the year with momentum ... however as the quarter progressed we were heavily impacted by the unfortunate spread of COVID-19,” Chief Executive Officer David Gibbs said in a statement. Restaurants across the globe have shut their dining areas and shifted to a delivery and take-away model due to the lockdowns imposed to combat the health crisis. For Yum, which operates about 50,000 restaurants globally, KFC and Pizza Hut were the hardest hit. Taco Bell, k
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YUM
Earnings
- 11/4/25 - Beat
YUM
Sec Filings
- 12/1/25 - Form 4
- 11/26/25 - Form 8-K
- 11/25/25 - Form 4/A
- YUM's page on the SEC website