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56 Signage is displayed extracurricular a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) edifice successful Louisville, Kentucky, U.S., connected Thursday, Jan. 30, 2020.
Luke Sharrett | Bloomberg | Getty Images
Yum Brands connected Wednesday reported quarterly earnings that topped analysts' expectations, but its gross missed estimates.
Shares of the institution fell little than 1% successful premarket trading.
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Here's what the institution reported compared with what Wall Street was expecting, based connected a survey of analysts by Refinitiv:
Earnings per share: $1.41 adjusted vs. $1.24 expectedRevenue: $1.69 cardinal vs. $1.75 cardinal expectedThe edifice institution reported second-quarter nett income of $418 million, oregon $1.46 per share, up from $224 million, oregon 77 cents per share, a twelvemonth earlier.
Excluding refranchising gains and different items, Yum earned $1.41 per share.
Net sales rose 3% to $1.69 billion. The company's same-store income grew 9% successful the quarter.
KFC's same-store income climbed 13%, fueled by returning request successful China, its largest market. KFC's strategy income successful China soared 32%, portion its U.S. strategy income roseate 5%.
