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Yum Brands, the company behind Pizza Hut, KFC and Taco Bell, reported mixed results in its Q1 earnings announcement Wednesday (May 1) with challenges evident in its traditional sales channels, but a significant milestone in its digital growth strategy. Despite a 3% decline in same-store sales worldwide, Yum Brands' digital efforts reached new heights.
YUM! Brands (YUM) first-quarter 2024 results are hurt by dismal KFC and Pizza Hut sales.
Although the revenue and EPS for Yum (YUM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Yum Brands (YUM) came out with quarterly earnings of $1.15 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.06 per share a year ago.
Same-store sales decline at KFC and Pizza Hut, while Taco Bell sales edge higher.
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.
YUM! Brands (YUM) first-quarter 2024 results are likely to gain from strong same-store sales growth, expansion of units and a stellar performance from KFC.
Get a deeper insight into the potential performance of Yum (YUM) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) will release its first quarter financial results on Wednesday, May 1, 2024 at 7:00 a.m. ET with a conference call to review the company's financial performance and strategies at 8:15 a.m. ET. The number is 833/470-1428 for U.S. callers, 833/950-0062 for Canada callers, and 929/526-1599 for all other international callers, conference ID 268136. The event will be webcast live and can be accessed through the Yum! Brands website at htt.
Yum! Brands (YUM) benefits from continued focus on off-premise channels, strategic investments in digital technology and robust same-store sales.