Taco Bell's same-store sales spiked 7% in the quarter.
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Yum Brands
on Wednesday reported mixed quarterly results, despite strong demand for Taco Bell.
Here’s what the company reported for the period ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Yum reported fourth-quarter net income of $535 million, or $1.91 per share, up from $423 million, or $1.49 per share, a year earlier.
Taco Bell's same-store sales increased 8% in the quarter, fueling the company's outperformance.
Same-store sales at Taco Bell and KFC rose, while Pizza Hut reported same-store sales fell 1%.
Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC reported…
Several catalysts, including a new CEO and strong international sales, could boost Yum Brands in the future.
The firm upgraded the fast food conglomerate to outperform from in line.
Yum China's HK-traded shares are down about 3% since Tuesday, even as the KFC and Pizza Hut operator posted 4% year-on-year…
