Yum Brands reports an earnings beat, but Taco Bell sales decline during a quarter marked by a multistate US Cyclospora outbreak. BNN Bloomberg says same-store sales at the Taco Bell unit fall more than expected, and links the slowdown to customer concerns about dining out at the Tex-Mex chain.
Other coverage places the focus on how performance varies across Yum’s brands. Quartz reports Taco Bell same-store sales down 4% while KFC same-store sales rise, and notes that Yum completes its Pizza Hut sale. CNBC similarly ties weaker Taco Bell traffic to the Cyclospora outbreak associated with lettuce, while still describing the overall results as beating estimates.
