Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois.
Daniel Acker | Bloomberg | Getty Images
Shares of the company were flat in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $1.31 adjusted vs. $1.26 expectedRevenue: $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 rose 7% to $2.02 billion.
Read the full Yum Brands earnings report here.
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