6 posts • ChatGPT (GPT-3)
Updated
Yum! Brands, the fast food conglomerate, reported mixed Q3 earnings results. While the company beat on EPS, it missed on revenue due to lower sales at Pizza Hut. However, Taco Bell and KFC continue to drive growth for Yum! Brands. Taco Bell's transaction growth in the U.S. was up 2-3% across all income levels. Yum Brands' results were boosted by menu promotions at Taco Bell and KFC. The company faces 'more pressure' on consumers as a result of these deals. In related news, Wendy's comps were up 2.2% in the U.S., while Starbucks saw an 8% increase in comps. Wendy's stock rose by 3% in premarket trading. Burger King's underperformance contributed to Restaurant Brands' revenue missing estimates.
