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 story : Taco Bell parent Yum Brands beats on earnings and revenue #FinanceUSA #StockMarketNEWS Yum Brands Inc. shares rose 1.6% in Wednesday premarket trading after the global fast-food company beat first-quarter

@stockMarketNEWS 10 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Taco Bell parent Yum Brands beats on earnings and revenue #FinanceUSA #StockMarketNEWS
Yum Brands Inc. shares rose 1.6% in Wednesday premarket trading after the global fast-food company beat first-quarter earnings and revenue expectations. Net income totaled 6 million, or .07 per share, up from million, or 27 cents per share, last year. Revenue was .49 billion, up from .26 billion last year. The FactSet consensus was for EPS of 87 cents and revenue of .45 billion. Worldwide same-store sales grew 9%, with KFC up 8%, Pizza Hut up 12% and Taco Bell increasing 9%. The FactSet consensus was for global same-store sales growth of 8.3%. Yum is also the parent company to Habit Burger Grill, which had 13% same-store sales growth. Yum stock is up 7.2% for the year to date while the S&P 500 index has gained 11.5% for the period.


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