Pizza Hut, KFC Sales Hurt by Downbeat Consumers
·1 min
Yum Brands recently reported that geopolitical tensions and consumer concerns over the economic climate have negatively impacted their sales in the last quarter. Yum's Pizza Hut and KFC franchises experienced a 4% decline in same-store sales for the three months ending September 30. On the other hand, Taco Bell performed strongly, with an impressive 4% growth in same-store sales, surpassing market expectations. CEO David Gibbs acknowledged that their brands managed to perform admirably despite the challenging environment.