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Yum Brands shares up 2.2% premarket after earnings top estimates

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Yum Brands shares up 2% early after earnings at Taco Bell parent top estimates

An earlier version of this report had an incorrect number for overall same-store sales growth. It has been corrected.

Yum Brands Inc. shares YUM, -0.64% rose 2.2% in premarket trade Thursday, after the operator of Taco Bell, Pizza Hut and KFC Restaurants topped earnings estimates for the second quarter. The company said it had net income of $289 million, or 92 cents a share, in the quarter, down from $321 million, or 97 cents a share, in the year-earlier period. Adjusted per-share earnings came to 93 cents, ahead of the 87 cents FactSet consensus. Revenue edged down to $1.310 billion from $1.

 

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Shares of Taco Bell-owner Yum Brands jump as earnings top estimatesTaco Bell, KFC and Pizza Hut owner reported second quarter earnings that topped expectations, fueled by stronger same-store sales growth across all its brands. Lots of my money is in that pile. Damn nacho fries are addicting.
Source: CNBC - 🏆 12. / 72 Read more »