Yum! Brands (YUM) Stock

Yum! Brands is experiencing a slower year due to declining consumer health and issues related to the Middle East. System sales increased by only 1% in the first nine months, which is much lower than the 7% growth that management aims for in the long term. While Taco Bell and KFC are performing well, store closures will affect unit growth this year, although franchisees still show strong demand.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. has announced a quarterly dividend of $0.67 for each share.

Yum! Brands, Inc. YUM saw a significant drop in its stock price during early trading on Wednesday, following the release of disappointing earnings for the third quarter.

During its Q3 earnings call on Tuesday, November 5, Yum! Brands highlighted that Taco Bell received over 2 million orders through voice AI. This showcases how the company is using technology to connect with customers.

YUM's results for the third quarter of 2024 show that the KFC and Taco Bell divisions have contributed more, despite facing high costs and expenses.

Yum! Brands, Inc. (NYSE:YUM) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 7:45 AM ET. The call will feature company representatives including Matt Morris, David Gibbs, and Chris Turner, along with participants from various financial institutions. The operator will begin by welcoming everyone to the call.

Yum Brands (YUM) reported quarterly earnings of $1.37 per share, which is lower than the Zacks Consensus Estimate of $1.41 per share. This is also a decrease from the earnings of $1.44 per share from the same period last year.

Yum! Brands Inc, the company that owns KFC, Pizza Hut, and Taco Bell, reported lower earnings for the last quarter than what Wall Street had predicted. They attributed this shortfall to geopolitical issues and a challenging market for consumers.

Only Taco Bell was able to increase its sales at existing locations.