Yum Brands quarterly revenue increases 8%, fueled by higher demand for Taco Bell

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Vehicles are lining up on a Yum’s passage lane! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell Restaurant in Lockport, Illinois, USA

Daniel Acker | Bloomberg | Getty Images

Yum Brands said on Thursday that its quarterly revenue rose 8%, fueled by Taco Bell’s return to positive same-store sales growth.

The company’s shares rose 1.5% in pre-market trading.

Here’s what the company reported compared to what Wall Street expected, based on an analyst survey by Refinitiv:

  • Earnings per share: $ 1.01, adjusted, vs. 80 cents expected
  • Revenue: $ 1.45 billion against $ 1.42 billion expected
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Yum reported third-quarter net income of $ 283 million, or 92 cents per share, from $ 255 million, or 81 cents per share, a year earlier.

Excluding items, the company gained $ 1.01 per share, exceeding the 80 cents per share expected by analysts polled by Refinitiv.

Net sales rose 8% to $ 1.45 billion, beating expectations of $ 1.42 billion.

Read the full revenue report here.

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