Yum Manufacturers earnings misses as Pizza Hut’s same-store gross sales fall 2%

Yum Manufacturers on Wednesday reported combined quarterly effects as Pizza Hut’s same-store gross sales fell greater than anticipated.

Stocks of the corporate fell lower than 1% in premarket buying and selling.

Right here’s what the corporate reported for the primary quarter when compared with what Wall Side road was once anticipating, in accordance with a survey of analysts by way of LSEG:

• Income in keeping with proportion: $1.30 adjusted vs. $1.29 anticipated
• Income: $1.79 billion vs. $1.85 billion anticipated

Yum reported first-quarter internet source of revenue of $253 million, or 90 cents in keeping with proportion, indisposed from $314 million, or $1.10 in keeping with proportion, a day previous.

Aside from prices to exit KFC’s U.S. headquarters to Texas and alternative pieces, the corporate earned $1.30 in keeping with proportion.

Web gross sales climbed 12% to $1.79 billion. Throughout all of its manufacturers, Yum’s same-store gross sales rose 3%.

As soon as once more, Pizza Hut was once the laggard this quarter. The suffering pizza chain noticed its same-store gross sales abridge 2%, a steeper lessen than the 0.1% snip projected by way of StreetAccount estimates. Pizza Hut’s U.S. same-store gross sales slid 5%, year the metric was once flat in world markets.

Taco Bell, the standout of Yum’s portfolio, reported same-store gross sales expansion of 9%, topping estimates of 8%.

KFC’s same-store gross sales rose 2%, beating estimates of one.4%. The majority of the fried hen chain’s gross sales come from outdoor the U.S. China, its greatest marketplace, noticed machine gross sales expansion of three%.

However like Pizza Hut, KFC’s U.S. trade has been suffering. The chain’s home same-store gross sales shrank 1% within the quarter. Rival hen chains Wingstop and Elevating Cane’s have overtaken KFC’s U.S. gross sales, consistent with Circana’s 2025 ranking of U.S. eating places by way of gross sales.

Virtual orders, which come with the ones on cellular apps and in-store kiosks, accounted for 55% of Yum’s general gross sales this quarter.

In past due March, CEO David Gibbs introduced plans to abdicate within the first quarter of 2026. The corporate’s board is these days in search of his alternative.