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.
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 INC. | 149.78 | -2.54 | -1.67% |
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.