Yum Brands same-store sales miss estimates

LEISURE-YUM-KFC

Yum Brands Inc , the owner of KFC and Taco Bell, reported a lower-than-expected rise in quarterly sales at established restaurants worldwide as fewer diners ate at its Pizza Hut chain.

Sales at restaurants open for at least one year rose 1 percent in the fourth quarter ended Dec. 31, compared with a 2.1 percent rise analysts polled by Consensus Metrix had expected.

(Reporting by Richa Naidu in Bengaluru; Edited by Martina D'Couto)