X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOUISVILLE, KY-Yum! Brands Inc.’s same-store salesfor its US division increased 4% for the four-weekperiod ending May 14, up 1% from the same period lastyear. Wall Street was expected a gain of 2% to 3%, andYum says its target growth rate is 1% to 2%.

The same-store sales growth was driven by a 7% gain atKentucky Fried Chicken. The fast-food chain had beenin a decline, posting -4% same-store sales for thesame period last year. However, increased advertisingand value meals positively impacted the chickenrestaurant.

The company’s other chains, Taco Bell and Pizza Hut,also saw sales increases of 4% and 1% respectively.Pizza Hut’s performance was poor compared to the 10%growth for the same period last year.

Yum! Brands’ International Division sales increased10%, while sales for its China Division were down 4%.The company blames the unfavorable conversion rate forthe decline.

However, the company didn’t shy away from yearlyguidance of 10% growth. Currently, Yum! Brands hasnearly 34,000 restaurants in more than 100 countriesand territories.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.