Yum: Q3 Earnings Snapshot
By AP News
Published - Nov 01, 2023, 07:18 AM ET
Last Updated - Nov 01, 2023, 07:18 AM EDT
LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Yum Brands Inc. (YUM) on Wednesday reported third-quarter earnings of $416 million.
The Louisville, Kentucky-based company said it had profit of $1.46 per share. Earnings, adjusted for pretax gains, were $1.44 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.71 billion in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $1.77 billion.
