Yum Brands worldwide
same-store sales miss estimates
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[August 03, 2017]
(Reuters) - Yum Brands Inc,
the owner of KFC and Taco Bell, reported a lower-than
expected rise in quarterly sales at established
restaurants worldwide as fewer diners ate at its Pizza
A customer walks out of a KFC restaurant in Shanghai,
China, October 9, 2015. REUTERS Aly Song/File Photo
Sales at restaurants open at least one year rose 2 percent in
the second quarter ended June 30, missing the 2.2 percent rise
analysts polled by Consensus Metrix had expected.
Net income from continuing operations fell to $206 million or 58
cents per share, from $336 million or 64 cents per share a year
Net sales fell to $1.45 billion from $1.51 billion, hurt by a 1
percent decline in same-restaurant sales at Pizza Hut.
(Reporting by Siddharth Cavale in Bengaluru; Editing by Shounak
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