Yum Brands Tops Adjusted EPS Estimates as Taco Bell Same-Store Sales Fall 4%

Yum Brands delivered adjusted third-quarter earnings above analyst estimates, while Taco Bell's same-store sales fell 4% as an outbreak linked to iceberg lettuce reduced customer visits. Adjusted earnings per share were $1.56, compared with the $1.49 analysts expected. Revenue reached $2.05 billion, in line with expectations and up 4% from a year earlier. Taco Bell customers temporarily made fewer visits during the outbreak. The chain's international same-store sales grew 5%. Across Yum's businesses, same-store sales were flat after excluding Pizza Hut, while KFC's same-store sales increased 1%.

Source: TokenPost