A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.
Justin Sullivan | Getty Images
Yum Brands on Thursday reported quarterly earnings and revenue that included strong sales for KFC’s international restaurants and Taco Bell.
Shares of the company rose more than 2% in premarket trading.
Here’s what the company reported alongside what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.61 adjusted. That may not be comparable with $1.60 expected.
- Revenue: $2.36 billion. That may not be comparable with $2.35 billion expected.
The restaurant company reported fourth-quarter net income of $423 million, or $1.49 per share, down from $463 million, or $1.62 per share, a year earlier. Excluding refranchising gains and other items, Yum earned $1.61 per share.
Net sales climbed 16% to $2.36 billion.
The company’s same-store sales rose 1% in the quarter.
This story is developing. Please check back for updates.
