YUM! Brands' Q3 Earnings & Revenues Lag, Worldwide Comps Decline
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YUM! Brands reported its Q3 2024 earnings, showing increased contributions from KFC and Taco Bell divisions. However, the results were below expectations due to high costs and expenses, and worldwide comparable sales declined.
November 05, 2024 | 6:30 pm
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YUM! Brands' Q3 2024 earnings and revenues fell short of expectations. Despite strong performance from KFC and Taco Bell, high costs and declining global comparable sales negatively impacted results.
The earnings miss and decline in worldwide comparable sales are likely to negatively impact YUM's stock price in the short term. The strong performance of KFC and Taco Bell divisions is overshadowed by high costs and expenses.
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IMPORTANCE 80
RELEVANCE 100