Delicious Earnings: Yum Brands (YUM) Serves Up Success in Q2 2024

Witness the vibrant sign outside a Taco Bell establishment in Richmond, California, captured ⁣on May 1,‌ 2024.

Marvel at the latest ‌update from Yum Brands, showcasing a quarter of ups and downs with⁤ Pizza Hut and KFC experiencing a ⁣dip in same-store sales.

During the company’s conference call, Yum CEO David Gibbs attributed the decline to factors like the⁢ Middle East⁣ conflict and a shift towards more budget-conscious ⁢spending by consumers.

Despite these challenges, there⁣ is a silver lining as sales in the U.S. have shown improvement, fueled by popular value meals ‍like ⁢Pizza ⁢Hut’s $7 Deal ⁢Lovers.

Let’s delve into‌ the numbers that Yum Brands reported, compared to the projections of Wall Street analysts:

Earnings per ⁤share: $1.35 adjusted vs. $1.33 ⁢expectedRevenue:‍ $1.76 billion vs. $1.8⁤ billion expected

Yum Brands disclosed a second-quarter net income of $367‌ million,⁢ translating to $1.28 per share, a slight decrease⁤ from the previous year’s $418 million, or ⁢$1.46 per share.

After excluding certain items, the company’s earnings per share stood at‍ $1.35.

Notably, net sales saw a 4% increase…

2024-08-06 ‍08:41:13
Originally ⁤published on ⁣ www.cnbc.com