Making Financial Headlines · Page 10
Yum's Earnings Beat Cannot Put Taco Bell's Lettuce Trouble Back in the Bowl
· New York time
Yum Brands beat earnings estimates, but Taco Bell's same-store sales declined as a cyclospora outbreak tied to lettuce served at its restaurants weighed on traffic. Same-store sales measure performance at established locations, giving investors a view of demand beyond the effect of opening new ones. The parent company's earnings comparison and the restaurant chain's sales decline tell different parts of the quarter's story. Yum can point to a beat, but Taco Bell still has to contend with the effect on customer visits. A strong corporate scorecard has little power to make a food-safety problem disappear from the menu.
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