Pizza Hut, KFC, Taco Bell sales bounce as restrictions ease

Results beat Wall Street expectations

Yum Brands Inc. on Wednesday reported first-quarter net income of $326 million.

Ticker Security Last Change Change %
YUM YUM! BRANDS 119.36 +1.43 +1.21%

The Louisville, Kentucky-based company said it had profit of $1.07 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

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The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.49 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $1.46 billion.

Yum shares have risen 7% since the beginning of the year, while the S&P's 500 index has risen 11%. The stock has increased 32% in the last 12 months.