Yum Brands said Taco Bell's US same-store sales have improved each week since a July low caused by a cyclospora outbreak linked to Taylor Farms lettuce. Since late September, Taco Bell has outperformed the broader QSR industry. Third-quarter same-store sales fell 4% due to the outbreak. Yum total revenue rose 4% to $2.05B, in line with estimates. Adjusted EPS of $1.56 beat the $1.51 consensus. KFC same-store sales rose 1% but US remains soft. Pizza Hut divestitures completed. KFC US will switch beverage supplier from PepsiCo to Coca-Cola in January.
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