Yum! Brands Stock Price Slides as Sales at Pizza Hut and KFC Fall

Core Insights - Yum! Brands shares declined after reporting earnings and revenue that fell short of analysts' expectations [1] - U.S. revenue at KFC decreased by 8% and Pizza Hut saw a 6% decline [1] - Digital sales for Yum! Brands surpassed 50% for the first time [1] Financial Performance - The company reported first quarter adjusted earnings per share (EPS) of $1.15, with revenue falling 3% to $1.60 billion, both below estimates [1] - Same-store sales dropped by 3%, with Pizza Hut experiencing a 7% decline and KFC a 2% decrease; Taco Bell's same-store sales increased by 1% [1] Market Conditions - Total U.S. revenue at KFC fell by 8%, while Pizza Hut's revenue decreased by 6%; both franchises also faced revenue drops in the Middle East, Turkey, and North Africa due to geopolitical tensions [1] - CEO David Gibbs mentioned the company faced "a difficult operating environment" but highlighted the growth in digital sales [1] Stock Performance - Shares of Yum! Brands, which reached an all-time closing high on Monday, were down 4.5% to $134.93 around 1:25 p.m. ET on Wednesday [1]