You can be on Entrepreneur’s cover!

Pizza Slips and Breakfast Soars in Yum Brand's Latest Earnings Sales at KFC and Taco Bell boosted Yum Brands to a solid second quarter, while Pizza Hut struggled to keep up.

By Kate Taylor

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Chicken and waffle tacos are hot items for fast-food conglomerate Yum Brands right now. Pizza? Not so much.

Yum Brands reported worldwide sales grew 6 percent in the second quarter, with operating profit increasing 34 percent. Net income climbed to $334 million -- a 19 percent jump from the same period last year.

Here come some more numbers: Strong performances by KFC and Taco Bell helped drive the company's earnings. Both brands increased same-store sales by 2 percent, resulting in a 5 percent sales increase for KFC and a 3 percent increase for Taco Bell.

Pizza Hut's quarter was less promising than those of its sister brands. Sales decreased by 1 percent, with a 3 percent same-store sales decline.

Related: Chicken Prices Are Rising Because of Rooster Infertility. (We're Serious.)

The success of KFC comes at a time when chicken has become a surprisingly buzzy item for fast-food restaurants, with chains from Pizza Hut to Burger King offering new chicken menu items. Meanwhile, Taco Bell's success reflects the first quarter that the chain's much-discussed breakfast menu has had a significant impact on sales.

"At Taco Bell, we're very pleased with the initial results of our national breakfast launch and have a strong new product pipeline across all day-parts to drive a strong second half," Yum Brands CEO David Novak said in a statement.

While the success of Taco Bell's breakfast is the most buzz-worthy news for American fast-food fans, Yum Brands' greatest success in the second quarter has been international. Sales increased 21 percent in the company's China division and 18 percent in India. In the second quarter, Yum Brands opened 104 new restaurants in China, with the goal of opening at least 700 new restaurants in the country this year.

Related: Why China Is Just as Important as Breakfast in the Fast-Food Wars

Kate Taylor

Reporter

Kate Taylor is a reporter at Business Insider. She was previously a reporter at Entrepreneur. Get in touch with tips and feedback on Twitter at @Kate_H_Taylor. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.

Living

Get Your Business a One-Year Sam's Club Membership for Just $14

Shop for office essentials, lunch for the team, appliances, electronics, and more.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.