Taco Bell's same-store sales increased 8% in the quarter, fueling the company's outperformance.
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Yum Brands
on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by another strong quarter for Taco Bell.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Yum reported first-quarter net income of $432 million, or $1.55 per share, up from $253 million, or 90 cents per share, a year earlier.
Taco Bell's same-store sales spiked 7% in the quarter.
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.
Outside of the U.S. and Canada, Restaurant Brands' same-store sales climbed 6.1%.
Restaurant Brands International reported quarterly earnings and revenue that topped Wall Street's estimates.
