Yum! Brands Sees Improving Sales With Momentum From Digital and Delivery
Restaurant operator Yum! Brands (NYSE: YUM) today reported that second-quarter earnings for the period ending June 30 showed a same-store sales decline of 15%. But the operator of KFC, Pizza Hut, and Taco Bell said that there has been "significant improvement" in business from its early-quarter lows.
CEO David Gibbs said its stores were flexible and innovative in adapting to a period that was significantly impacted by the coronavirus pandemic. He said, "Digital sales were a big driver of the dramatic improvement in sales from the initial impact of COVID-19, reaching an all-time high of $3.5 billion for the quarter, an increase of more than $1 billion over the prior year."
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Source Fool.com
