Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 04 2017

Yum Brands comp sales miss as Pizza Hut continues to struggle

KFC and Taco Bell continued to show strong same-restaurant growth around the world, rising 3 percent and 7 percent, respectively. Both beat analysts' expectations.

Fewer diners ate at the YUM Brands' Pizza Hut Restaurants resulting in a smaller than expected rise is the master franchisee's quarterly sales.

Experts had expected a decline of about 1.5 per cent in its sales, which actually happened to be just 1 per cent.

KFC and Taco Bell continued to show strong same-restaurant growth around the world, rising 3 percent and 7 percent, respectively, both beating the analysts' expectations drastically. 

Net income from continuing operations fell to $206 million, or 58 cents per share, in the second quarter, from $266 million, or 64 cents per share, a year earlier, hurt in part by higher expenses related to sprucing up its Pizza Hut stores.

Excluding items, the company earned 68 cents per share. Net sales fell 4 percent to $1.45 billion.

Comment
image
Related opportunities
  • After School Activities
    Started in 2009, SportyBeans is India’s most reputed non-competitive multi-sport..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1200-1500 sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: The Pabrai Family has over 30 years of experience..
    Locations looking for expansion West Bengal
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities