Taco Bell owner Yum Brands earnings top estimates, despite blow of international Covid restrictions

Signage is displayed outdoors a Yum! Brands Inc. Taco Bell and Kentucky Fried Hen (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020.

Luke Sharrett | Bloomberg | Getty Footage

Yum Brands on Thursday reported quarterly earnings and income that topped analyst predictions, despite global eating room closures weighing on identical-retailer sales growth at KFC and Pizza Hut.

Shares of the corporate rose lower than 1% in premarket purchasing and selling.

Right here’s what the corporate reported when in contrast with what Wall Avenue used to be awaiting, based on a gaze of analysts by Refinitiv:

  • Earnings per part: $1.15, adjusted, vs. $1.01 expected
  • Income: $1.74 billion vs. $1.72 billion expected

Yum reported fiscal fourth-quarter get income of $332 million, or $1.08 per part, down from $488 million, or $1.58 per part, a 365 days earlier.

With the exception of devices, the corporate earned $1.15 per part, beating the $1.01 per part expected by analysts surveyed by Refinitiv.

Ranking sales rose 3% to $1.74 billion, topping expectations of $1.72 billion.