A woman walks past the Taco Bell Cantina on July 30, 2020 in New York City.
Alexi Rosenfeld | beautiful pictures
Brand Yum on Wednesday reported mixed quarterly results, but said Taco Bell had higher sales.
The company’s shares rose nearly 2% in pre-market trading.
Here’s what the company reported versus what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.05 adjusted versus $1.09 expected
- Revenue: $1.64 billion, meeting expectations
Yum reported second-quarter net income of $224 million, or 77 cents per share, down from $391 million, or $1.29 per share, a year earlier.
Excluding items, the restaurant company earned $1.05 per share.
Sales network increased 2% to 1.64 billion USD.