Yum Brands earnings miss estimates as Pizza Hut, KFC struggle in the U.S.

In this articleYUM your favorite stocksCREATE FREE ACCOUNTPiotr Swat | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC reported U.S. same-store sales declines.Here's what the company reported for the period June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per : $1.44 adjusted vs. $1.46 expectedRevenue: $1.93 billion vs. $1.94 billion expectedYum reported second-quarter net income of $374 million, or $1.33 per , up from $367 million, or $1.28 per , a year earlier.Excluding refranchising gains and other items, the company earned $1.44 per .Net sales climbed 10% to $1.93 billion

Digital transactions, which include mobile app, dery and kiosk orders, accounted for 57% of the company's system sales.Yum's same-store sales, which only tracks the metric at restaurants open at least 12 months, rose 2% during the quarter.KFC reported same-store sales growth of 2%, lifted by its international restaurants

The fried chicken chain counts China as its biggest market.But domestically, KFC's struggles continue

Last year, the chain dropped from the No. 3 chicken chain in the U.S. by sales to No. 5, falling behind Raising Cane's and Wingstop

The chain is facing increased competition from its rivals as many consumers dine out less often.Taco Bell, the jewel of Yum's portfolio, reported same-store sales growth of 4%

That growth was driven primarily by international KFC openings.In June, the company announced that CEO David Gibbs will retire later this year

CFO Chris Turner will succeed him, effective Oct. 1.This story is

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