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Yum Brands earnings second quarter 2017


Pedestrians walk past a Yum! Brands Inc. KFC restaurant in Shanghai, China

Qilai Shen | Bloomberg | Getty Images

Pedestrians walk past a Yum! Brands Inc. KFC restaurant in Shanghai, China

Yum Brands on Thursday reported earnings and revenue that topped analysts’ expectations.

  • EPS: 68 cents adjusted vs. 61 cents expected, according to Thomson Reuters
  • Revenue: $1.45 billion vs. $1.42 billion expected, according to Thomson Reuters
  • U.S. same-store sales: up 2 percent vs. up 1.8 percent expected, according to StreetAccount

The company, which owns brands KFC, Taco Bell and Pizza Hut, posted earnings excluding items of 68 cents a share on revenue of $1.45 billion.

Yum Brands had been expected to post earnings of 61 cents per share on $1.42 billion in revenue, according to Thomson Reuters estimates.

Net income from continuing operations fell to $206 million, or 58 cents per share, from $336 million, or 64 cents per share a year earlier.

Sales at restaurants open at least one year rose 2 percent in the second quarter ended June 30, higher than analysts’ expectations of 1.8 percent, according to StreetAccount.

While KFC and Pizza Hut exceeded same-store sales expectations, Taco Bell’s same-store sales fell short of analysts’ forecasts for 5.4 percent growth. The Mexican food chain said same-store sales rose 4 percent in the quarter.

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