Yum Brands beats same-store sales estimates on pizza, taco cravings
Same-store sales for second quarter fell 15%
KFC US president: Making restaurants safest place for customers to eat
KFC U.S. President Kevin Hochman discusses reopening restaurants amid coronavirus with extensive safety measures.
Yum Brands Inc (YUM.N) on Thursday beat Wall Street expectations for quarterly same-restaurant sales, as diners sought comfort foods such as pizzas and tacos while under coronavirus lockdowns.
Continue Reading Below
Yum brands Inc. beat out Wall Street expectations for quarterly same-restaurant sales. (KFC).
YUM BRAND PLEDGES $100M FOR NEW INITIATIVE FIGHTING INEQUALITY
Same-store sales for the second quarter ended June 30 fell 15%. Analysts had forecast a 16.02% fall, according to IBES data from Refinitiv.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| YUM | YUM! BRANDS | 109.34 | +2.00 | +1.86% |
Powered by | ||||
Yum, which operates KFC, Taco Bell and Pizza Hut, said net income fell to $206 million, or 67 cents per share, from $289 million, or 92 cents per share, a year earlier.