Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020.
Luke Sharrett | Bloomberg | Getty Images
Yum Brands on Wednesday reported mixed quarterly results as Taco Bell’s and Pizza Hut’s same-store sales disappointed.
Shares of the company were up more than 1% in early trading.
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Here’s what Yum reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $1.41 adjusted vs. $1.24 expected
Revenue: $1.69 billion vs. $1.75 billion expected
The restaurant company reported second-quarter net income of $418 million, or $1.46 per share, up from $224 million, or 77 cents per share, a year earlier.
Excluding expenses related to its exit from Russia, refranchising gains and other items, Yum earned $1.41 per share.
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Article from www.cnbc.com