Yum Brands revenue slumps as KFC, Pizza Hut struggle
1. Yum Brands reported disappointing Q2 revenue of $1.93 billion. 2. KFC and Pizza Hut sales slumped 5% in the US. 3. Taco Bell showed growth, with same-store sales up 4%. 4. CEO David Gibbs highlighted challenges amid cautious consumer sentiment. 5. Overall restaurant count rose 3% with 871 new locations.