Yum Brands reported first-quarter earnings and revenue that exceeded Wall Street expectations, with earnings per share of $1.50 versus $1.38 expected and revenue of $2.06 billion versus $2.04 billion expected. The strong performance was largely driven by Taco Bell, whose same-store sales rose 8%, outperforming the quick-service restaurant industry. While KFC and Pizza Hut showed mixed results, Yum continues to focus on strategic options for Pizza Hut amid flat or declining sales in the U.S. The company did not provide new updates on Pizza Hut's future plans but highlighted growth outside the U.S. and ongoing efforts to improve profitability.
Stocks of fast food chains like Sweetgreen, Chipotle, and Taco Bell fell due to investor worries over a cyclospora outbreak possibly linked to lettuce. Sweetgreen's shares dropped 5.6% on the day and have fallen over 24% in the last month, despite no...
Taco Bell, part of Yum Brands, is under investigation by federal and state health officials for a possible link to a parasite outbreak that has sickened over 3,000 people in Michigan and spread to other states. Some Taco Bell locations in Detroit hav...
Pizza Hut has introduced a limited-time Throwback Value Menu featuring iconic classics like Medium 1-Topping Stuffed Crust Pizza and new items such as Triple Cheese Mac and S'mores Sticks, with prices starting as low as $3. Alongside the menu, Pizza ...
