PIZZA HUT BRINGS SIRLOIN STEAK TO RESTAURANTS NATIONALLY FOR THE FIRST TIME WITH TWO NEW MENU ITEMS: CHEESESTEAK PIZZA AND CHEESESTEAK MELTS; LAUNCHES PIZZA HAUTE'S DINNER SERIES WITH CHAIN

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Go back to PIZZA HUT BRINGS SIRLOIN STEAK TO RESTAURANTS NATIONALLY FOR THE FIRST TIME WITH TWO NEW MENU ITEMS: CHEESESTEAK PIZZA AND CHEESESTEAK MELTS; LAUNCHES PIZZA HAUTE'S DINNER SERIES WITH CHAIN

Yum! Brands (YUM) slides as FX headwinds weigh on operating porift

May 3, 2023 8:39 AM EDT

Yum! Brands (NYSE: YUM) shares tumbled Wednesday after missing first-quarter profit expectations.

The KFC, Pizza Hut, and Taco Bell owner reported Q1 adjusted EPS of $1.06, $0.07 worse than the analyst estimate of $1.13 and 23% below Q1 2022. In addition, the company's FX headwinds unfavorably impacted YUM's divisional... More