{"id":122443,"date":"2024-11-05T19:49:47","date_gmt":"2024-11-05T12:49:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=122443"},"modified":"2024-11-05T19:49:47","modified_gmt":"2024-11-05T12:49:47","slug":"yum-brands-yum-q3-2024-earnings","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=122443","title":{"rendered":"Yum Brands (YUM) Q3 2024 earnings"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108015621\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Budrul Chukrut | Lightrocket | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/YUM\/\">Yum Brands<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> on Tuesday reported quarterly\u00a0earnings\u00a0and revenue that missed Wall Street&#8217;s expectation as same-store sales at KFC and Pizza Hut slid more than expected.<\/p>\n<p>Here&#8217;s what the <a href=\"https:\/\/investors.yum.com\/news-events\/financial-releases\/news-details\/2024\/Yum-Brands-Reports-Third-Quarter-Results\/\" target=\"_blank\" rel=\"noopener\">company reported<\/a> compared with what Wall Street was expecting, based on a survey of analysts by LSEG:<\/p>\n<ul>\n<li>Earnings\u00a0per share: $1.37 adjusted vs. $1.41 expected<\/li>\n<li>Revenue: $1.83 billion vs. $1.90 billion expected<\/li>\n<\/ul>\n<p>Yum reported third-quarter net income of $382 million, or $1.35 per share, down from $416 million, or $1.46 per share, a year earlier.<\/p>\n<p>Excluding items, the company earned $1.37 per share.<\/p>\n<p>Net sales\u00a0rose\u00a07% to $1.83 billion.<\/p>\n<p>Yum&#8217;s worldwide same-store sales fell 2% in the quarter, dragged down by weaker performances at KFC and Pizza Hut, which both reported same-store sales declines of 4%.<\/p>\n<p>The company&#8217;s sales have been hurt by pressures related to &#8220;political conflicts and challenged consumer sentiment,&#8221; CEO David Gibbs said in a statement. Conflict in the Middle East has weighed on Yum&#8217;s results since the fourth quarter of last year.<\/p>\n<p>KFC&#8217;s U.S. same-store sales slid 5% this quarter. The market is KFC&#8217;s second-largest, trailing only China, but the chain has ceded market share to Popeyes in recent years. Last year, <a href=\"https:\/\/www.cnbc.com\/2023\/10\/04\/popeyes-overtakes-kfc-as-no-2-chicken-chain-chick-fil-a-stays-on-top.html\">Popeyes overtook KFC<\/a> as the number two chicken chain in the U.S.<\/p>\n<p>Pizza Hut, on the other hand, saw a steeper decline in its international markets. The pizza chain saw its international same-store sales shrink 6%, while U.S. same-store sales fell just 1%.<\/p>\n<p>Taco Bell, the gem of Yum&#8217;s portfolio, reported same-store sales growth of 4%. Executives have previously said that the chain has a strong perception of value from consumers, helping its sales even during an industry-wide slowdown.<\/p>\n<p><em>This story is developing. Please check back for updates.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2024\/11\/05\/yum-brands-yum-q3-2024-earnings.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budrul Chukrut | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly\u00a0earnings\u00a0and revenue that missed Wall Street&#8217;s expectation as same-store sales at KFC and Pizza Hut slid more than &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=122443\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-122443","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/122443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122443"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/122443\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}