Piotr Swat | Lightrocket | Getty images
Yama brand On Tuesday, the quarterly income and revenue reported, which was missed by the expectations of analysts in the form of Pizza Hut and KFC, which we were reported to have reported a decline in equal-store sales.
What did the company tell here The period ended on 30 June What was expected of Wall Street based on a survey of analysts by LSEG:
- Income per share: $ 1.44 adjusted vs $ 1.46 expected
- Revenue: $ 1.93 billion vs $ 1.94 billion is expected
Yama reported a year ago, a net income of the second quarter of $ 374 million, or $ 1.33 per share, $ 367 million, or $ 1.28 per share.
The company earned $ 1.44 per share, except for refraining benefits and other items.
Total sale Climbed 10% to $ 1.93 billion. Yama’s equal-store sales increased by 2% during the quarter.
KFC reported an increase of 2%-store sales raised by its international restaurant. Fried chicken chain is counted as its largest market.
But domestic, KFC’s struggles continue. Its US similar-store sales slipped 5%. Last year, the chain fell from the number 3 chicken chain to number 5 in the US, which fell behind increasing can and wingstop. In April, Catherine Tan-Goldspie took over as the chairman of KFC US, turning around his sales recession.
Globally, Pizza Hut’s similar-store sales fell by 1%, which was hurt by weak demand in its domestic market. Like KFC, Pizza Hut saw a 5% decline in the US-similar sales during the quarter. The series is facing increased competition from its rivals as many consumers eat less frequently.
Tako Bell, Yama’s portfolio jewelry, reported an uniform-store growth of 4%. The growing international business of the series also saw a 4% increase in sales of equal-store during the quarter.
This story is developing. Please check back for updates.
