A pizza hat business can be seen on November 1, 2023 in Austin, Texas. Pizza's sales in the third quarter.
Brandon Bell | Getty pictures
Yum brands Mixed quarterly results came up on Wednesday when sales with the same business of Pizza Hat decreased more than expected.
The company's shares decreased by less than 1% at the Premarket trade.
The company reported the following in the first quarter compared to the expectations of Wall Street, based on a survey of LSEG analysts:
- Win each share: $ 1.30 adapted compared to USD 1.29
- Revenue: 1.79 billion US dollars are expected compared to 1.85 billion US dollars
Yum reported a net profit of $ 253 million or 90 cents per share in the first quarter, which decreased after $ 314 million or USD 1.10 per share.
With the exception of the costs for the move of KFCS US headquarters in Texas and other articles, the company earned 1.30 USD per share.
Net turnover rose by 12% to 1.79 billion US dollars. In all its brands, sales with the same business of Yum increased by 3%.
Once again, Pizza Hat was the successor in this quarter. The fighting pizza chain recorded sales with the same business by 2%, a steeper decline than the decline of 0.1%predicted by street account estimates. The US sales of Pizza Hut's US business had dropped by 5%, while the metric in international markets was flat.
Taco Bell, the outstanding portfolio of Yum, recorded sales growth in the same business of 9%and occupied 8%estimates.
Sales with the same business of KFC rose by 2%and defeated estimates of 1.4%. Most of the sales chain sales come from the US China, the largest market, the system turnover of 3%.
But like Pizza Hut, KFC's US business has to struggle. Domestic turnover with the chain domestic business shrank by 1%in the quarter. Rival chicken chains Wingstop And they have overtaken KFCS US sales, according to the ranking of US -Restaurants from Circana 2025 through sales.
Digital orders that comprise those in mobile apps and kiosks in the shop made 55% of the total turnover of Yum in this quarter.
At the end of March, CEO David Gibbs announced plans to retire in the first quarter of 2026. The company's board is currently looking for its replacement.
Comments are closed.