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Yum Brands quarterly revenue beats estimates

Posted by: Admin | Posted on: October 31st, 2018 | 0 Comments

(Reuters) – Yum Brands Inc’s (YUM.N) third-quarter revenue beat Wall Street estimates on Wednesday, as more people visited its KFC and Taco Bell chains.

Same-store sales rose 3 percent at KFC and 5 percent at Taco Bell. Analysts were expecting a rise of 2.13 percent and 3 percent, respectively, according to Refinitiv data

Yum’s total revenue fell 3 percent to $1.39 billion, but beat analysts’ average estimate of $1.38 billion.

Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur

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