Yum Brands falls short on revenue as Pizza Hut and KFC same-store sales fall

Yum Brands on Tuesday reported revenue that fell short of expectations as both Pizza Hut and KFC reported declining same-store sales.

Shares of the company fell 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $1.35 adjusted. That may not compare with $1.33 expected.
• Revenue: $1.76 billion vs. $1.8 billion expected

Yum reported second-quarter net income of $367 million, or $1.28 per share, down from $418 million, or $1.46 per share, a year earlier.

Excluding items, the company earned $1.35 per share.

Net sales rose 4% to $1.76 billion.

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