Taco Bell parent Yum Brands tops earnings estimates fueled by U.S. sales growth

A Taco Bell space in New York.

Scott Mlyn | CNBC

Yum Brands on Wednesday reported quarterly earnings that overwhelmed analysts’ expectations as U.S. buyers returned to its restaurants.

Shares of the firm rose now no longer up to 1% in premarket buying and selling.

Here’s what the firm reported in comparison with what Wall Highway used to be awaiting, in step with a look of analysts by Refinitiv:

  • Earnings per piece: $1.07 adjusted vs. 87 cents expected
  • Earnings: $1.49 billion vs. $1.45 billion expected

The firm reported fiscal first-quarter compile profits rose to $326 million, or $1.07 per piece, from $83 million, or 27 cents per piece, a year earlier.

Rather than for items, Yum earned $1.07 per piece, topping the 87 cents per piece expected by analysts surveyed by Refinitiv.

Gather gross sales rose 18% to $1.49 billion, beating expectations of $1.45 billion.