Yum Brands Earnings Beat On Taco Bell, KFC Boost

www.oann.com | 6/5/2018 | Staff
k.collazi (Posted by) Level 3
(Reuters) – Yum Brands Inc beat Wall Street expectations for quarterly profit and sales on Thursday, as the restaurant chain operator benefited from better-than-expected growth at KFC, Pizza Hut and Taco Bell.

Yum has invested in delivery services by picking up a stake in GrubHub Inc , while investing in online ordering software company QuikOrder to boost delivery speed and compete better in a crowded restaurant industry.

Taco - Bell - Same-store - Sales - %

Taco Bell’s same-store sales grew 7%, well above expectations of a 3.75% growth; while KFC grew 6%, topping estimates of a 3.68% rise, according to IBES data from Refinitiv.

Pizza Hut, a weak spot for the company in the past few years, grew for the first time in five quarters,...
(Excerpt) Read more at: www.oann.com
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