Yum Brands earnings miss estimates as Pizza Hut, KFC struggle in the U.S.

Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $1.44 adjusted vs. $1.46 expected
• Revenue: $1.93 billion vs. $1.94 billion expected

Yum reported second-quarter net income of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a year earlier.

Excluding refranchising gains and other items, the company earned $1.44 per share.

Net sales climbed 10% to $1.93 billion.

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