Retail

Yum Brands (YUM) Q3 2020 earnings top estimates

0


Signage is displayed outside a Yum! Brands Inc. Taco Bell restaurant in Lockport, Illinois.

Daniel Acker | Bloomberg | Getty Images

Yum Brands on Thursday reported that its quarterly revenue rose 8%, fueled by Taco Bell’s return to positive same-store sales growth.

Shares of the company rose more than 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: $1.01, adjusted, vs. 80 cents expected
  • Revenue: $1.45 billion vs. $1.42 billion expected

Yum reported third-quarter net income of $283 million, or 92 cents per share, up from $255 million, or 81 cents per share, a year…



Source cnbc.com

Here are all the reasons COVID-19 cases are surging again

Previous article

Halfway through earnings season, the coronavirus resurgence is overshadowing great results

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail