Yum Brands Inc missed earnings expectations, largely hit by a write down in the ...
“The Pizza Hut U.S. business... has some unique challenges given the dining state and the conditions of the assets... So that’s what they’re trying to address by moving to a more modern delivery estate,” incoming Chief Executive Officer David Gibbs said.
Overall same-store sales at Pizza Hut were flat, compared with analysts’ estimate of 1.46% growth. KFC rose 3%, also missing expectations. “That was one of the big bull pieces to the story, the big Pizza Hut turnaround... it seems to be falling kind of flat.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yum! Brands craters after a profit hit from its investment in Grubhub (YUM) | Markets InsiderKFC, Taco Bell, and Pizza hut's owner, Yum! Brands, sank in opening trading in New York after reporting its third-quarter earnings. The fast-food co...
Read more »
Taco Bell parent Yum posts earnings and revenue that miss expectationsKFC's parent company reported earnings before the bell Tuesday.
Read more »
Stocks making the biggest moves premarket: GE, Yum, Molson Coors, Garmin, Amgen & moreThese are the stocks posting the largest moves before the bell.
Read more »
When This Jersey Guy Makes Detroit-Style Pizza in Atlanta, You Eat ItAnthony Spina was famous for his grandma pies. Then he pulled the rug out from under us all.
Read more »
Yum! Brands craters after a profit hit from its investment in Grubhub (YUM) | Markets InsiderKFC, Taco Bell, and Pizza hut's owner, Yum! Brands, sank in opening trading in New York after reporting its third-quarter earnings. The fast-food co...
Read more »
Grubhub Shares Fall After Downbeat OutlookGrubhub shares slumped 43% Tuesday in a rout that began late Monday after the company cut its outlook for revenue and profit, citing the need to spend more on promotions to draw in customers
Read more »