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Taco Bell parent Yum Brands misses quarterly sales estimates

05/04/2022

Less than a minute

2022.05.04 14:41

Taco Bell parent Yum Brands misses quarterly sales estimates
Yum Brands logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – Taco Bell parent Yum Brands Inc missed Wall Street estimates for quarterly comparable sales on Wednesday, as industry-wide supply chain shortfalls and staffing pressures bit into the company’s business.

The company, which also owns KFC and Pizza Hut chains, said comparable sales rose 3% in the first quarter, compared with analysts’ average estimate for a 3.8% increase.

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05/04/2022

Less than a minute