Nov 2 (Reuters) - Taco Bell parent Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, benefiting from price hikes and its value-oriented offerings at Taco Bell attracting consumers amidst soaring inflation.
The company, which also owns KFC and Pizza Hut chains, said comparable sales rose 5% in the third quarter, compared to analysts' average estimate of a 3.2% increase, according to IBES data from Refinitiv.
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