Core Insights - Yum Brands reported strong quarterly earnings and revenue growth, driven by robust demand for Taco Bell and improved sales for KFC [1][2] Financial Performance - The company reported a third-quarter net income of $397 million, or $1.41 per share, an increase from $382 million, or $1.35 per share, a year earlier [2] - Excluding costs related to the strategic review of Pizza Hut, adjusted earnings per share were $1.58 [3][7] - Net sales rose 8% to $1.98 billion, slightly above the expected $1.97 billion [3][7] Sales Performance - Taco Bell's same-store sales increased by 7%, surpassing analyst estimates of 5.2% growth, attributed to its value perception and menu innovation [4] - KFC reported same-store sales growth of 3%, exceeding estimates of 2.4%, with system sales in China rising by 6% [5] - Pizza Hut was the only brand to experience a decline, with same-store sales falling by 1%, driven by a 7% drop in U.S. locations [6] Digital Sales - Yum's digital sales reached $10 billion system-wide, accounting for approximately 60% of total orders [3] Strategic Moves - The company announced plans to review strategic options for Pizza Hut, which has struggled to attract diners in recent years [2] - Yum is acquiring 128 Taco Bell locations in the Southeast U.S., with 98% of its restaurants being franchised [4]