Pizza Hut reports flat sales for July

 
Aug. 14, 2002

LOUISVILLE, Ky. -- YUM! Brands, Inc. (NYSE:YUM) has reported that strong performance at Taco Bell stores plus moderate gains at KFC outlets pushed its estimated U.S. blended same-store sales at company restaurants up 2 percent during the four-week period ended August 10, 2002 (Period 8).

Sales at Taco Bell were up 10 percent, while KFC stores gained 3 percent.

Pizza Hut, however, returned flat numbers for the period, continuing a string of sub-par performances for the year.

YUM's estimated international system sales increased 11 percent after conversion to U.S. dollars.

According to a company release, encouraging sales results have led it to increase its third-quarter ongoing operating earnings-per-share guidance to 47 cents from a projected range of 45 cents to 47 cents.

These most recent results don't reflect performance at YUM's recently acquired brands, Long John Silver's and A&W All American Foods.


Topics: Public Companies


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