Yum! Brands (NYSE:YUM), renowned for its ownership of KFC and Taco Bell, reported Q2 earnings of $1.41 per share, outperforming the analyst consensus estimate of $1.24.
One of the highlights of the company’s report was the impressive same-store sales growth of 9%. KFC, in particular, achieved remarkable same-store sales growth of 13%, standing out as the highest among YUM’s brands. This growth was notably driven by KFC’s stores in China, where same-store sales soared by 32% year-over-year.
On the other hand, Pizza Hut’s same-store sales growth of 4% was deemed disappointing by investors, despite the notable 25% increase in China. Taco Bell also experienced a 4% increase in same-store sales.