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Taco Bell parent Yum Brands tops quarterly same-store sales estimates

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A Taco Bell order and drinks sit inside the first digital-only U.S. location at Times Square in New York City
April 26, 2024
Reuters - Reuters

(Reuters) - Yum Brands on Wednesday topped Wall Street estimates for quarterly sales as inflation continues to weigh on budgets, prompting more consumers to turn to Taco Bell and Pizza Hut for cheaper restaurant meals.

Same-store sales at Yum Brands rose 6% in the third quarter, compared with analysts' estimates of a 4.73% increase, according to LSEG data.

(Reporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta)

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