Cash-strapped consumers are not splurging on pizza and chicken, and that’s hurting sales at restaurant company Yum Brands. Shares of Yum brands were down by nearly 5% in early hours, trading at $135, after the company reported a decrease in sales for its Pizza Hut and KFC divisions. The Louisville, Kentucky-based company missed Wall Street’s expectations, having generated $1.6 billion in revenue — about $1.15 earnings per share — in the first quarter. Analysts had predicted it would make... Read this story
