Yum Brands, the global restaurant conglomerate, reported fourth-quarter earnings and revenue that surpassed analysts’ predictions, thanks to strong same-store sales growth at Taco Bell.
Despite weak sales in China affecting KFC and Pizza Hut, Yum saw a 7% increase in revenue to $2.02 billion and earnings per share of $1.31, exceeding the expected $1.26.
Taco Bell’s same-store sales rose 11%, outpacing estimates, while KFC’s growth came in at 5% and Pizza Hut’s international sales declined by 1%.
The Habit Burger Grill experienced a 1% decrease in same-store sales, but a 12% increase in system sales due to expansion. The company’s shares showed a slight increase in premarket trading.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].