Prospects sporting Taco Bell foam taco hats exit the corporate’s restaurant, a unit of Yum! Manufacturers Inc. in Bangkok, Thailand.
Brent Lewin | Bloomberg | Getty Photographs
Yum Brands on Wednesday reported blended outcomes for its fourth quarter as greater prices weighed on earnings, resulting in an earnings miss.
Shares of the corporate rose lower than 1% in premarket buying and selling.
This is what the corporate reported in contrast with what Wall Road was anticipating, primarily based on a survey of analysts by Refinitiv:
- Earnings per share: $1.02 adjusted vs. $1.09 anticipated
- Income: $1.89 billion vs. $1.88 billion anticipated
Yum reported fourth-quarter internet earnings of $330 million, or $1.11 per share, down from $332 million, or $1.08 per share, a 12 months earlier.
Excluding gadgets, the corporate earned $1.02 per share, falling in need of the $1.09 per share anticipated by analysts surveyed by Refinitiv.
Internet gross sales rose 8% to $1.89 billion, topping expectations of $1.88 billion.
