Yum! Brands sees strong Q3 sales; KFC, Taco Bell sales grew by 8 & 9 % respectively

Operator of KFC, Taco Bell, Pizza Hut and Hobbit Burger globally, Yum! Brands has recorded a strong Q3 result driven by high performance at KFC and Taco Bell.

The brand also missed Wall Street’s earnings estimates and has beaten quarterly revenue expectations.

Same store sales rose at its KFC, Pizza Hut and Taco Bell chains. Yum executives said that consumers generally haven’t been changing their behavior, and that more premium menu items in the U.S. are proving popular.

Yum! Brands overall system sales grew at 7 per cent whereas that of KFC, Pizza Hut and Taco Bell grew at 8, 9 and 4 per cent respectively.

Same store sales at KFC and Taco Bell that performed better this quarter rise at 7 and 6 per cent respectively.

Total system sales of Yum! Brands stood at $14,543 mllion.

Third quarter also reported net-new unit growth of 644 stores.

Present in over 293 countries, Yum! Operates 53,994 restaurants across globe.