Yum! Brands (YUM) same-store sales growth driven by 'growth engines' KFC and Taco Bell U.S.
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Yum Brands results beat as Taco Bell promotions draw customers
November 1, 2023 7:05 AM EDTBy Deborah Mary Sophia
(Reuters) -Yum Brands topped Wall Street estimates for third-quarter results on Wednesday as a reboot of popular menu items at Taco Bell and promotional deals at KFC pulled in more budget-strapped customers looking for cheaper restaurant meals.
The company has banked on aggressive promotions and limited-time offers to drive demand, with the return of the fan-favorite Volcano Menu and $5 boxes at Taco Bell helping the chain outpace a broader slowdown in the restaurant industry.
... MoreYum! Brands (YUM) Tops Q3 EPS by 16c
November 1, 2023 7:04 AM EDTYum! Brands (NYSE: YUM) reported Q3 EPS of $1.44, $0.16 better than the analyst estimate of $1.28. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.77 billion.
For earnings history and earnings-related data on Yum! Brands (YUM) click here.
... More