Yum Brands reports mixed Q2 results, no update on Taco Bell cyclospora outbreak

Published Jul 30, 11:03 AM UTC

Yum Brands reported mixed second-quarter financial results on Wednesday, beating earnings expectations but missing revenue forecasts. The company provided no update on the cyclospora outbreak linked to Taco Bell restaurants, which has caused daily traffic to plunge by double-digit percentages since mid-July, according to Placer.ai data. The results cover the quarter ended June 30, before the outbreak was tied to Taco Bell. Taco Bell's same-store sales rose 7% in the quarter, while KFC grew 2% and Pizza Hut slipped 1%. Yum recently announced the sale of Pizza Hut to LongRange Capital and Yum China for $2.7 billion. Other chains like Chipotle also reported sales declines due to consumer mistrust of fresh lettuce. Yum executives face questions about the outbreak's impact on future earnings during the earnings call.