Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell

Cars waiting in line at the drive through lane of Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurants in Lockport, Illinois.

Daniel Acker | Bloomberg | Getty Images

Yum Brands On Wednesday, it reported quarterly revenue and earnings that topped analysts’ expectations, thanks to strong same-store sales growth at Taco Bell.

Shares of the company were flat in premarket trading.

Based on a survey of analysts by Refinitiv, what the company reported compared to Wall Street expectations:

  • Earnings per share: $1.31 adjusted vs $1.26 expected
  • Revenue: $2.02 billion vs. $1.92 billion expected

Yum reported fourth-quarter net income of $371 million, or $1.29 per share, up from $330 million, or $1.11 per share, a year earlier.

Excluding items, the company earned $1.31 cents per share.

Net sales 7 percent to $2.02 billion.

Read Yum Brands’ full earnings report here.

Read full article here

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