Yum Brands (YUM) Q2 2023

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Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020.

Luke Sharrett | Bloomberg | Getty Images

Yum Brands on Wednesday reported quarterly earnings that topped analysts’ expectations, but its revenue missed estimates.

Shares of the company fell less than 1% 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: $1.41 adjusted vs. $1.24 expected
  • Revenue: $1.69 billion vs. $1.75 billion expected

The restaurant company reported second-quarter net income of $418 million, or $1.46 per share, up from $224 million, or 77 cents per share, a year earlier.

Excluding refranchising gains and other items, Yum earned $1.41 per share.

Net sales rose 3% to $1.69 billion.

Sumber: www.cnbc.com

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