What caused YUM's earnings to rebound in Q4?

YUM's earnings are not currently available for Q4. However, we can infer some factors that may have contributed to the company's performance: 1. **New Business Model at KFC**: The introduction of the Saucy concept at KFC, which combines the brand's traditional 11 herbs and spices with a limited menu, could be a strategic move to combat declining sales at traditional KFC locations. 2. **Taco Bell's Strong Performance**: Taco Bell's significant contribution to YUM's EBIT, particularly in the U.S. market, may have helped offset any declines in earnings from other brands. The 4% increase in same-store sales for Taco Bell in the U.S. could be a sign of strong customer loyalty and effective marketing strategies. 3. **International Market Exposure**: YUM's high exposure to international markets, excluding Canada, may have provided a strategic advantage amidst investor concerns about the impact of tariffs. This diversification could have helped mitigate the effects of any specific market challenges. 4. **Franchised Business Model**: YUM's predominantly franchised, asset-light business model may have contributed to the company's resilience in the face of market uncertainties. This model typically allows for more efficient operations and lower overhead costs compared to company-owned locations. Overall, YUM's potential rebound in earnings for Q4 can be attributed to a combination of strategic initiatives, strong performance from key brands like Taco Bell, and the company's diversified international exposure.