Yum Brands restaurant KFC's same-store sales climbed 13%, fueled by demand in China, its largest market.
Shares of the company fell less than 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:Revenue: $1.69 billion vs. $1.75 billion expected
Excluding expenses related to its exit from Russia, refranchising gains and other items, Yum earned $1.41 per share.rose 3% to $1.69 billion. The company's digital sales increased nearly 30% in the quarter, accounting for nearly half of orders.KFC's same-store sales climbed 13%, fueled by returning demand in China, its largest market. KFC's system sales in China soared 32%, while its U.S. system sales rose 5%.
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