Yum Brands Reports Strong Q1 Earnings, Taco Bell Drives Growth
Yum Brands reported Q1 adjusted EPS of $1.50, beating analyst expectations of $1.38, with revenue of $2.06 billion versus $2.04 billion expected. Taco Bell led performance with 8% same-store sales growth, significantly outpacing the quick-service restaurant industry. KFC posted 2% same-store sales growth while Pizza Hut remained flat globally. The company is exploring strategic options for Pizza Hut, with private equity firms including Apollo Global Management and Sycamore Partners reportedly interested.