Yum! Brands reports solid Q1
Yum! Brands reported stronger-than-expected earnings and sales during Q1 2019. Same-store sales grew 4% globally. KFC, Yum’s largest brand, posted 5% same-store sales growth. Meanwhile, Taco Bell posted same-store sales growth of 4%. Pizza Hut same-store sales stayed steady.
The foodservice giant opened 310 new outlets in the quarter. On a year-over-year basis, which takes into account the strategic alliance with Telepizza in Q4 2018, net new unit growth was 7%.