A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California.
Justin Sullivan | Getty Images
Yum Brands on Tuesday reported revenue that fell short of expectations as both Pizza Hut and KFC reported declining same-store sales.
Shares of the company fell 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.35 adjusted. That may not compare with $1.33 expected.
- Revenue: $1.76 billion vs. $1.8 billion expected
Yum reported second-quarter net income of $367 million, or $1.28 per share, down from $418 million, or $1.46 per share, a year earlier.
Excluding items, the company earned $1.35 per share.
Net sales rose 4% to $1.76 billion.
This story is developing. Please check back for updates.
