Taco Bell Boosts Yum! Brands Amid KFC and Pizza Hut Struggles
Inflation impacts consumer spending, but Taco Bell's value menu drives growth for Yum! Brands in a challenging market.
- Yum! Brands reported mixed Q2 results with a 3% increase in worldwide system sales but a 1% decline in same-store sales.
- Taco Bell's same-store sales rose 5%, outperforming KFC and Pizza Hut, which saw declines of 3% each.
- Analysts revised Yum! Brands' revenue forecasts due to weaker sales growth at KFC and Pizza Hut.
- Yum! Brands is expanding AI technology in Taco Bell drive-thrus to improve efficiency and customer experience.
- Despite sales challenges, Yum! Brands expects an 8% increase in core operating profit for the year.