Yum: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:09 AM ET
Last Updated - Jun 21, 2023, 11:31 PM EDT
LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Yum Brands Inc. (YUM) on Wednesday reported first-quarter net income of $300 million.
On a per-share basis, the Louisville, Kentucky-based company said it had profit of $1.05. Earnings, adjusted for non-recurring costs, were $1.06 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.65 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $1.63 billion.
