Taco Bell Parent Yum Brands Misses Estimates as Spending Slows, Costs Rise

Yum Brands missed analysts' estimates for second-quarter comparable sales and profit on Tuesday, hit by higher ingredient costs and muted demand that weighed on its businesses, including Taco Bell.

Concerns over the impact of steep tariffs and economic growth have dented U.S. consumer spending on eating out, prompting fast-food chains, including Yum Brands, McDonald's and Burger King-owner Restaurant Brands, to launch budget-friendly meal deals to boost foot traffic.

Taco Bell, which accounts for 38% of the company's total revenue...

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