A customer rides his bike in front of a Taco Bell restaurant in Novato, California.
Justin Sullivan | Getty Images
Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations.
Shares of the company dropped 6% 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: 80 cents, adjusted, vs. 94 cents expected
- Revenue: $1.339 billion vs. $1.344 billion expected
The company reported fiscal third-quarter net income of $255 million, or 81 cents per share, down from $454 million, or $1.40 per share, a year earlier. Yum said that…