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: https://www.cnbc.com/2022/08/03/yum-brands-yum-q2-2022-earnings.html