KFC and Pizza Hut sales fall

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KFC and Pizza Hut sales fall

Restaurant chains KFC and Pizza Hut saw their store sales decline in the second quarter of this year. Sales of Kentucky Fried Chicken, also known as KFC, decreased by 11 percent in the Middle East, Turkey, and North Africa in the second quarter. Pizza Hut's sales in the Middle East and Africa also decreased by 6 percent Yum! Brands, the US restaurant management company that owns KFC, Pizza Hut, and Taco Bell restaurants, announced its second-quarter balance sheet. According to the statement made by the company, Yum! Brands' revenue increased by 4 percent to $1.76 billion in the second quarter. The company had revenue of $1.69 billion in the same period last year. Yum! Brands' revenue fell short of market expectations of $1.8 billion in the same period. The company's net income decreased by 12 percent in the second quarter to $367 million. Yum! Brands made a profit of $418 million in the second quarter of last year. The company's earnings per share, which was $1.46 in the second quarter of last year, fell to $1.28 in the same period this year. KFC and Pizza Hut's sales decline in the Middle East Yum! Brands' global same-store sales decreased 1 percent in the second quarter of this year. Same-store sales of KFC and Pizza Hut, which are restaurant chains within the company, each decreased 3 percent in the second quarter. Taco Bell's same-store sales increased 5 percent. Sales of Kentucky Fried Chicken, known simply as "KFC," decreased 11 percent in the Middle East, Turkey, and North Africa in the second quarter. Pizza Hut's sales in the Middle East and Africa also decreased 6 percent. KFC and Pizza Hut targeted by boycott KFC and Pizza Hut, which have been targeted by boycotts due to Israel's attacks on Gaza, had their sales negatively affected by the conflicts in the Middle East in the last quarter of last year and the first quarter of this year. KFC's sales fell by 5 percent in the Middle East, Turkey and North Africa in the last quarter of last year. Pizza Hut's sales in the Middle East and Africa fell by 3 percent in the same period. KFC's sales fell by 5 percent in the Middle East, Turkey and North Africa in the first quarter of this year. Pizza Hut's sales in the Middle East and Africa fell by 8 percent in the first quarter.