Yum Brands utilizes aggressive promotions for strong Q3

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Yum! Brands (YUM) beat third-quarter estimates on EPS, but missed on revenue, reporting $1.71 billion compared to estimates of $1.77 billion. The company...

) beat third-quarter estimates on EPS, but missed on revenue, reporting $1.71 billion compared to estimates of $1.77 billion. The company aggressively promoted discounts and deals across its franchises, most notably with Taco Bell which saw 8% year-over-year growth in same-store sales. The company also added over 1,100 new locations for its brands, including in China where KFC continues to outperform.

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