A Cyclospora outbreak pushed Taco Bell's same-store sales down 4%, but its regular customers have already returned. KFC's U.S. business is now the bigger problem.
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Yum Brands posted adjusted EPS of $1.56, beating the $1.49 expected, with revenue of $2.05 billion in line with forecasts. However, a cyclospora outbreak linked to iceberg lettuce cut Taco Bell U.S. same-store sales by 4% as diners temporarily pulled back, though CEO Chris Turner said the brand has outpaced the quick-service industry since late September. Excluding Pizza Hut, which Yum divested during the quarter (the China business sold to Yum China on Aug. 7 and the rest to LongRange Capital on Sept. 1), same-store sales were flat. KFC same-store sales rose 1% on growth in China and Europe, while U.S. system sales fell 6%.
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