Particle.news
Download on the App Store
8 ARTICLES
·
last wk.

Taco Bell Propels Yum Brands to Q1 Beat With Record Digital Mix

Pizza Hut remains under review, signaling potential portfolio changes in 2026.

Image
The Yum brand logo and trading information are displayed on a screen as a trader passes by on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermid/File Photo
Image
Image

Overview

  • Yum Brands, which reported results Wednesday, posted adjusted EPS of $1.50 on $2.06 billion in revenue and the stock rose about 2% to 3%.
  • Taco Bell led growth with 8% same-store sales as value deals and new menu items drew more drive-thru traffic.
  • Digital orders reached a record 63% of sales, and the company will expand AI A/B tests in Taco Bell drive-thrus to tailor on-screen menus.
  • KFC same-store sales rose 2% worldwide, and it opened 648 of the 1,030 new restaurants Yum added in the quarter.
  • Pizza Hut remains the weak spot with flat global comps and U.S. declines, and the brand stays under an active strategic review with reported private-equity interest.