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Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.44 adjusted vs. $1.46 expected
- Revenue: $1.93 billion vs. $1.94 billion expected
Yum reported second-quarter net income of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a year earlier.
Excluding refranchising gains and other items, the company earned $1.44 per share.
Net sales climbed 10% to $1.93 billion.
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