Yum Brands beats profit estimates on Taco Bell, KFC growth
Yum Brands reported adjusted earnings per share of $1.50, surpassing analyst expectations of $1.38. Taco Bell led the growth with 8% same-store sales increase, while KFC also contributed to the stronger-than-expected performance. The fast-food conglomerate's results highlight resilient consumer demand despite economic pressures.
Key facts
- Adjusted EPS of $1.50 beat estimates of $1.38
- Taco Bell posted 8% same-store sales growth
- KFC drove growth alongside Taco Bell
- Results exceeded analyst expectations
Entities
Institutions
- Yum Brands
- Taco Bell
- KFC
Sources
- Quartz —