Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

2 weeks ago

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Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectation as same-store sales at KFC and Pizza Hut slid more than expected.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: $1.37 adjusted vs. $1.41 expectedRevenue: $1.83 billion vs. $1.90 billion expected

Yum reported third-quarter net income of $382 million, or $1.35 per share, down from $416 million, or $1.46 per share, a year earlier.

Excluding items, the company earned $1.37 per share.

Net sales rose 7% to $1.83 billion.

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