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A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California.  Justin Sullivan | Getty Images Yum Brands on Tuesday reported revenue that fell short of expectations as both Pizza Hut and KFC reported declining same-store sales. Shares of the company fell 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.35 adjusted. That may not compare with $1.33 expected. Revenue: $1.76 billion vs. $1.8 billion expected Yum reported second-quarter net income of $367 million, or $1.28 per share, down from $418 million, or $1.46 per share, a year earlier. Excluding items, the company earned $1.35 per share. Net sales rose 4% to $1.76 billion. This story is developing. Please check back for updates. Source: https://www.cnbc.com/2024/08/06/yum-brands-yum-earnings-q2-2024.html

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Filed under: News - @ August 6, 2024 11:16 am