August 1, 2019 / 11:08 AM / 4 months ago

Yum Brands same-store sales beat Wall Street expectations

Aug 1 (Reuters) - Yum Brands Inc on Thursday reported better-than-expected sales at established restaurants, powered by growth across all its chains - KFC, Pizza Hut and Taco Bell.

The company’s sales from restaurants open at least a year rose 5% in the second quarter ended June 30, beating Wall Street’s estimate of 3% growth, according to IBES data from Refinitiv.

Yum’s total revenue fell 4% to $1.31 billion, hurt by the company’s move to refranchise its restaurants which replaces sales with royalty fees. Analysts were expecting total revenue of $1.28 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below