Yum Brands on Thursday reported quarterly earnings and revenue that beat Wall Street estimates, fueled by strong sales for KFC’s international restaurants and Taco Bell.
Shares of the company rose more than 7% in morning trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.61 adjusted vs. $1.60 expected
- Revenue: $2.36 billion vs. $2.35 billion expected
The restaurant company reported fourth-quarter net income of $423 million, or $1.49 per share, down from $463 million, or $1.62 per share, a year earlier. Excluding refranchising gains and other items, Yum earned $1.61 per share.
Net sales climbed 16% to $2.36 billion. More than half of Yum’s quarterly sales were digital, which includes online and delivery orders and those placed through in-store kiosks.
Yum’s same-store sales rose 1% in the quarter, thanks to Taco Bell.
Taco Bell reported…
