Retail

Yum Brands (YUM) Q1 2021 earnings beat

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A Taco Bell location in New York.

Scott Mlyn | CNBC

Yum Brands on Wednesday reported quarterly earnings that crushed analysts’ expectations as U.S. consumers returned to its restaurants.

“Notably, all four of our brands had a weekly per restaurant sales record in the U.S. at least once during the quarter,” CEO David Gibbs told analysts.

Shares of the company rose less than 1% 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: $1.07 adjusted vs. 87 cents expected
  • Revenue: $1.49 billion vs. $1.45 billion expected

The company reported fiscal first-quarter net income rose to $326…



Source cnbc.com

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