Yum! Brands posted better-than-expected earnings on Wednesday, boosted by an 8% rise in Taco Bell’s same-store sales — nearly double Wall Street’s forecast of 5.6%.
“Taco Bell posted an outstanding 8% same-store sales increase, significantly ahead of the fast-casual restaurant industry,” Yum! CEO Chris Turner said in a statement. The chain credits AI for the growth. Extends AI-driven A/B testing for lanes, allowing you to change layouts, visuals and content displayed to customers to see what messages resonate.
But other brands of Yum! didn’t go so well. KFC’s U.S. system sales fell 2% during the quarter, and Pizza Hut’s U.S. same-store sales decreased 4%. Yum! announced in November that it was exploring strategic options for Pizza Hut, which had long lagged in its portfolio. Potential buyers include private equity firms including Apollo Global Management and Sycamore Partners, Reuters reported. The earnings release of Yum! it even included a bullet showing the results without Pizza Hut – a clear sign of how things are going.
Yum! Brands posted better-than-expected earnings on Wednesday, boosted by an 8% rise in Taco Bell’s same-store sales — nearly double Wall Street’s forecast of 5.6%.
“Taco Bell posted an outstanding 8% same-store sales increase, significantly ahead of the fast-casual restaurant industry,” Yum! CEO Chris Turner said in a statement. The chain credits AI for the growth. Extends AI-driven A/B testing for lanes, allowing you to change layouts, visuals and content displayed to customers to see what messages resonate.
But other brands of Yum! didn’t go so well. KFC’s U.S. system sales fell 2% during the quarter, and Pizza Hut’s U.S. same-store sales declined 4%. Yum! announced in November that it was exploring strategic options for Pizza Hut, which had long lagged in its portfolio. Potential buyers include private equity firms including Apollo Global Management and Sycamore Partners, Reuters reported. The earnings release of Yum! it even included a bullet showing the results without Pizza Hut – a clear sign of how things are going.