Yum Brands beats same-store sales estimates on pizza, taco cravings

Same-store sales for second quarter fell 15%

 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.

TickerSecurityLastChangeChange %
YUMYUM! BRANDS90.82-0.17-0.19%

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.

CLICK HERE TO READ MORE ON FOX BUSINESS