Taco Bell Sees Sales Dip By 2% Quarter-to-Date, Execs Say Cyclospora Outbreak Dip is Nearly Over
Yum Brands indicated that Taco Bell sales were down 2% quarter-to-date through July 27, with execs stating that the negative impact tied to the high-profile Cyclospora outbreak is nearly over. “It is early days, but in the subsequent week [following July 18, where the issue created the harshest hit to sales], sales declines have moderated materially, and we are seeing steady improvement in day-over-day sales trends,” Yum Brands CFO Ranjith Roy said (more).