Yum Brands Falls Short as KFC, Taco Bell, and Pizza Hut Disappoint in Same-Store Sales

Yum Brands reported weaker-than-expected sales for KFC, Taco Bell, and Pizza Hut, leading to quarterly earnings and revenue that missed analysts' expectations. The company's stock fell more than 1% in premarket trading. Yum's fourth-quarter net income rose to $463 million, but its adjusted earnings per share of $1.26 fell short of the expected $1.40. Pizza Hut reported a 2% decline in same-store sales, while KFC and Taco Bell also fell short of Wall Street's expectations. Yum plans to surpass 60,000 global locations in 2024, with over 30,000 KFC restaurants and more than 20,000 Pizza Hut locations.