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 …