Yum! Brands (YUM) shares lost ground aꦍfter the fast-food restaurant operator reported weaker-than expected earnings as sales fell at its KFC and Pizza Hut locati🔯ons.

Th𝕴e company reported first quarter adjusted earnings per share (EPS) of 💛$1.15, as revenue fell 3% to $1.60 billion. Both were short of estimates. 

澳洲幸运5开奖号码历史查询:Same-store sales tumbled 3%, as Pizza Hut recorded a 7% decline and KFC registered a 2% decrease. Taco Bell same-store sales were up 1%.

Total U.S. revenue at KFC slumped 8%, ꦑand it slipped 6% at Pizza Hut. Both franchises also had a revenue drop in the Middle East, Turkey, North Africa market because of geopolitical tensions in the region, the company said.

Chief Executive Office David Gibbs sa🌠id the company dealt with “a diffi♐cult operating environment.” He pointed to the gains made in digital sales, which he noted exceeded 50% for the first time ever. 

Shares of Yum! Brands, which hit an all-time closing high on Monday, were down 4.5% at $134.93 at around 1:25 p.m. ET Wednesday.