KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum's bottom line

While KFC and Pizza Hut disappointed, Taco Bell reported same-store sales growth in the US.

KFC and Pizza Hut parent Yum Brands reported a bigger-than-expected fall in same-store sales for the second quarter as sticky inflation discouraged lower-income Americans from spending on dining out.

KFC reported on Tuesday a same-store sales decline in its US division as a result of sticky inflation and low consumer spending.Alaska Air crew feared passengers were lost in midair blowout: 'There is a hole in the plane' “I’m incredibly pleased with how well our teams have managed through a challenging operating environment,” Yum Brands CEO David Gibbs said in a statement.

The company reported a 10% increase in overall core operating profit and reaffirmed its forecast of an 8% increase in full-year core operating profit.

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