Yum Brands reports surprise fall in global sales amid KFC's struggles in US [Yahoo! Finance Canada]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: Yahoo! Finance Canada
The company was responding the ongoing "value wars" in the fast-food industry from peers such as McDonald's and Burger King. The chain, like many of its peers, has also contended with diners seeking deals and discounts when eating out to counter menu prices that remain high. Yum's Tex-Mex food chain Taco Bell, in contrast, remained a bright spot. U.S. same-store sales rose 4%, the 11th straight quarter of increase. The company's worldwide comparable sales fell 2%, compared with market expectations of a 0.23% rise, as per data compiled by LSEG. Yum's shares were down about 1% in premarket trading. They have risen 1.6% so far this year. In international markets, the Pizza Hut parent faced the protracted impact from boycotts related to Israel's war in Gaza. Sales impact from the conflict had surfaced in several other markets beyond Malaysia, Indonesia and the Middle East, executives had said in August. Burger King parent Restaurant Brands International missed quarterly rev
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QSR
Earnings
- 11/5/24 - Miss
QSR
Sec Filings
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 8-K
- QSR's page on the SEC website