Yum Brands Reports Revenue Growth Driven by Taco Bell and KFC Performance

Deep News04-29 21:21

Yum Brands, Inc. achieved revenue growth in the first quarter, primarily driven by the strong performance of its Taco Bell and KFC chain brands. The fast-food operator reported on Wednesday for the quarter ended March 31.

Quarterly net profit was $432 million, or $1.55 per share, compared to a net profit of $253 million, or $0.90 per share, in the same period last year. Excluding one-time items, adjusted earnings per share were $1.50, surpassing the $1.38 per share expected by analysts surveyed by FactSet.

Revenue increased by 15% year-over-year to $2.06 billion, exceeding market expectations of $2.04 billion.

Same-store sales performance across brands was as follows: - Taco Bell: Same-store sales grew by 8% - KFC: Same-store sales increased by 2% - Pizza Hut: Same-store sales were largely flat compared to the prior year period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment