With more than 65,000 restaurants globally, Yum Brands saw its groupwide revenues rise by 15 per cent to $2.05 billion in the fiscal first quarter.

These earnings were helped by a 3 per cent increase in same-store sales, which resulted in a net income of $432 million.

“We delivered solid topline momentum to start the year, with our fundamentals as strong as ever,” CEO Chris Turner said.

Taco Bell was the group’s standout performer, growing its revenue by 21 per cent on a quarter-on-quarter basis, and same-store sales by 8 per cent. Pizza Hut, Yum Brands’s lowest earning business, recorded the smallest growth at 10 per cent.

“KFC delivered impressive unit growth and resilient same-store growth, with many KFC markets growing system sales double-digits,” Turner added. 

“Yum is incredibly well-positioned to sustain sales momentum thanks to strong global consumer appeal for our brands, long-term consumption tailwinds, and our tech and AI capabilities.”