Yum Brands Inc on Thursday beat Wall Street expectations for quarterly same-restaurant sales, as diners sought comfort foods such as pizzas and tacos while under coronavirus lockdowns.30 Jul 2020 07:36PMREUTERS: Yum Brands Inc on Thursday beat Wall Street expectations for quarterly same-restaurant sales, as diners sought comfort foods such as pizzas and tacos while under coronavirus lockdowns.
Same-store sales for the second quarter ended June 30 fell 15per cent. Analysts had forecast a 16.02per cent fall, according to IBES data from Refinitiv.Yum, which operates KFC, Taco Bell and Pizza Hut, said net income fell to US$206 million, or 67 cents per share, from US$289 million, or 92 cents per share, a year earlier.
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