Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S., on Tuesday, Feb. 5, 2019.
Daniel Acker | Bloomberg | Getty Images
Yum Brands on Thursday reported quarterly earnings that fell short of analysts’ expectations.
Shares of the company slid 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.00, adjusted, vs. $1.13 expected
- Revenue: $1.69 billion, vs. $1.66 billion expected
- Same-store sales: 2%, vs. 2.3% expected
Taco Bell’s parent company reported fiscal fourth-quarter net income of $488 million, or $1.58 per share, up from $334 million, or $1.04 per share, a year earlier.
Excluding items, Yum earned $1.00 per share, missing the $1.13 per share expected by analysts surveyed by Refinitiv.
Net sales rose 9% to $1.69 billion, topping expectations of $1.66 billion.