What’s Going On With KFC-Parent Yum! Brands Stock Today?

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Yum! Brands Inc (NYSE:YUM) reported fourth-quarter fiscal 2023 sales growth of 1% year-on-year to $2.04 billion, missing the analyst consensus estimate of $2.11 billion.

Worldwide system sales grew 5% excluding foreign currency translation, with KFC at 7%, Taco Bell at 6%, and Pizza Hut at 1%.

Same-store sales for the quarter grew 1%. Same-store sales at KFC Division increased 2%, Taco Bell climbed 3%, and Pizza Hut slid 2%.

YUM’s Company sales increased 4% Y/Y to $647 million, and Franchise and property revenues gained 1% to $896 million. Total …

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