YUM! Brands' (YUM) Stock Down on Q1 Earnings & Revenues Miss

YUM! Brands, Inc. (YUM) reported first-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Revenues missed the consensus estimate for the fourth straight quarter.Following the results, shares of the company declined 4.4% in the pre-market trading session on May 1.Earnings and Revenue DiscussionYUM’s adjusted earnings per share (EPS) came in at $1.15, lagging the Zacks Consensus Estimate of$1.20. However, the metric increased 9% year over year.Quarterly revenues of $1,598 ...