Yum Brands (YUM), the parent company of KFC, Taco Bell and Pizza Hut, reported fiscal second quarter earnings that missed expectations as China lockdowns and an exit from Russia weighed on sales, in addition to macroeconomic pressures like inflation and foreign exchange.

Here are Yum Brand's second quarter results compared to Wall Street's consensus estimates, as compiled by Bloomberg:

• Revenue: $1.64 billion versus $1.65 billion expected

• Adj. earnings per share (EPS): $1.05 versus $1.09 expected

• Global same-store sales: 1% growth versus 0.75% growth expected

China lockdowns heavily dragged down global comparable sales. Excluding China, the company reported same-store sales growth of 6%.

On an individual business unit basis, same-store sales also came in soft — with the exception of Taco Bell, which is relatively insulated from overseas pressures compared to KFC and Pizza Hut.

KFC missed same-store sales estimates for the quarter (-1% versus the +0.45% expected.) Yum removed 1,112 units in Russia from its global KFC unit count, causing KFC's year-over-year operating profit growth (excluding foreign currency) to dip by 4 percentage points.

KFC's ex-China same-store sales grew 7%, the company said. China is KFC’s largest market by system-wide sales at 27%. It's the second largest for Pizza Hut at 16%.

Pizza Hut reported a wider-than-expected same-store sale loss of -3% versus the expected -1.04%.

Persistent staffing shortages, including a recent delivery driver shortage, hindered the ability to meet demand. Yum also removed 53 units in Russia from the global Pizza Hut unit count.

Excluding China, Pizza Hut International same-store sales grew 6%.

Taco Bell was the only company to exceed estimates with global same-store sales coming in at +8% versus the expected +4.03%, aided by the return of the Mexican Pizza and strong international growth.

Taco Bell U.S. system sales grew 9%, while Taco Bell International system sales surged a whopping 31%.

Shares were relatively flat in pre-market trading.

"This is one of the most complex environments ever seen in our industry," Yum CEO David Gibbs said on the earnings call, although he surmised that "we're probably past peak inflation."

Internationally, the emerging market consumer is returning, and he's seen developed markets fairly stable on overall performance.

However, the executive warned that the global consumer is "getting more cautious." As a result, Yum has leaned on value offerings around the world and domestically in the U.S.

Lower-income consumers pulling back "has become more pronounced," he added, emphasizing that the formula to win is creating brand buzz, delivering innovative product news, and offering brand value.