Yum Brands Inc.’s stock reversed early losses to trade up 1% Tuesday, after the operator of Pizza Hut, Taco Bell and KFC restaurants’ third-quarter earnings fell short of estimates, weighed down by conflicts around the world and a still cash-strapped consumer.

Yum Brands missed Wall Street's expectations for its quarterly earnings and revenue. Both KFC and Pizza Hut reported same-store sales declines of 4%. Yum CEO David Gibbs said weak consumer sentiment and political conflicts weighed on the company's results.

The story has been updated to correct KFC International unit growth number in paragraph 3 Yum! Brands, Inc. (NYSE:YUM) shares are trading relatively flat in the premarket session on Tuesday. The company reported third-quarter adjusted earnings per share of $1.