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Yum Brands on Tuesday reported quarterly earnings and revenue growth, fueled by strong demand for Taco Bell and improved U.S. sales for KFC.

The restaurant company also announced plans to review strategic options for Pizza Hut. The embattled pizza chain has struggled to win over diners in recent years. In its home market, pizza fatigue after pandemic lockdowns have led to slumping sales, and rivals like Domino's Pizza have taken share from Pizza Hut.

"We believe a different approach, including but not limited to, a sale of the business, would allow Pizza Hut to realize its full potential," CEO Chris Turner said on the company's conference call.

Yum shares gained 5% in early trading.

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