Yum Brands same-store sales miss estimates

Markets Reuters

An order of french fries sit on a tray at a KFC fast food restaurant in New York October 30, 2006. REUTERS/Shannon Stapleton (Copyright Reuters 2017)

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.

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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)