Yum Brands Q3 Earnings Miss

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Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

Summary

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83% Informative

Yum Brands missed Wall Street's expectations for its quarterly earnings and revenue.

Both KFC and Pizza Hut reported same-store sales declines of 4% . Yum CEO David Gibbs said weak consumer sentiment and political conflicts weighed on the company's results.

Yum reported third-quarter net income of $382 million or $ 1.35 per share, down from $416 million a year earlier .

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