Concerns over the impact of steep tariffs and economic growth have dented U.S. consumer spending on eating out, prompting fast-food chains, including Yum Brands, McDonald's and Burger King-owner Restaurant Brands, to launch budget-friendly meal deals to boost foot traffic.

Yum Brands logged higher profit and sales in its latest quarter, driven by growth at its KFC and Taco Bell locations, but still missed analysts expectations.

Yum! Brands Inc.’s sales rose less than expected in the latest quarter after growth at Taco Bell and KFC was weaker than anticipated.