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Taco Bell parent Yum Brands tops earnings estimates fueled by U.S. sales growth

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Yum Brands on Wednesday reported quarterly earnings that crushed analysts' expectations as U.S. consumers returned to its restaurants.

on Wednesday reported quarterly earnings that crushed analysts' expectations as U.S. consumers returned to its restaurants.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $1.49 billion vs. $1.45 billion expected

The company reported fiscal first-quarter net income rose to $326 million, or $1.07 per share, from $83 million, or 27 cents per share, a year earlier. Excluding items, Yum earned $1.07 per share, topping the 87 cents per share expected by analysts surveyed by Refinitiv.

 

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