KFC & Pizza Hut Parent Yum! Brands Miss Q3 Targets, Blames Geopolitical And Consumer Hurdles

Yum! Brands, Inc. (NYSE:YUM) shares are trading relatively flat in the premarket session on Tuesday.

The company reported third-quarter adjusted earnings per share of $1.37 missing the street view of $1.41.

Yum! Brands reported a 4% increase in same-store sales for Taco Bell in the U.S. and a 9% growth in international unit sales for KFC. The company’s quarterly revenues of $1.826 billion missed the analyst consensus of $1.899 billion.

Yum! Brands saw a 5% increase in unit count during the quarter, with 1,029 gross new units added.

The company reported robust digital system sales exceeding $8 billion, with digital sales accounting for more ...