Yum Brands reports mixed results, stronger sales for Taco Bell

A woman walks past a Taco Bell Cantina on July 30, 2020 in New York City.

Alexi Rosenfeld | Getty Images

Yum Brands on Wednesday reported mixed quarterly results, but said Taco Bell had stronger sales.

Shares of the company rose nearly 2% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: $1.05 adjusted vs. $1.09 expected
Revenue: $1.64 billion, meeting expectations

Yum reported second-quarter net income of $224 million, or 77 cents per share, down from $391 million, or $1.29 per share, a year earlier.

Excluding items, the restaurant company earned $1.05 per share.

Net sales rose 2% to $1.64 billion.

Source

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