Yum Brands announced mixed results for the first quarter, with Pizza Hut experiencing a more significant drop in same-store sales than anticipated. The company’s shares fell slightly in premarket trading. Yum reported a net income of $253 million, or 90 cents per share, compared to $314 million, or $1.10 per share, from the previous year. Excluding certain costs, earnings were $1.30 per share. Revenue climbed 12% to $1.79 billion, missing expectations of $1.85 billion. Across all brands, same-store sales increased by 3%. However, Pizza Hut’s same-store sales dropped by 2%, worse than the 0.1% decrease predicted. Taco Bell showed strong growth with a 9% rise in same-store sales, surpassing estimates. KFC’s same-store sales grew by 2%, beating forecasts, but its U.S. business struggled with a 1% decline. Digital orders accounted for 55% of total sales this quarter. CEO David Gibbs plans to retire in early 2026.
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