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Yum Brands tops same-store sales estimates on Taco Bell boost

Reuters 

(Reuters) - Brands Inc beat analysts' estimates for quarterly sales at established global outlets on Thursday, driven by strong growth at and

recorded its strongest growth in same-restaurant sales in seven quarters. has been taking the U.S.-centered brand's burrito and tacos menu overseas in a replay of the success with its business.

Worldwide same-store sales rose 6 percent at and 3 percent at Analysts were expecting an increase of 4.35 percent and 2.96 percent respectively, according to Refinitiv estimates.

The strong sales helped drive global comparable store sales up 3 percent, topping estimates of 2.48 percent.

Yum's net income fell 23 percent to $334 million in the three months ended Dec. 31.

Excluding one-time items, earned 40 cents per share.

Total revenue fell 1 percent to $1.56 billion. Analysts had expected revenue of $1.59 billion.

Yum's shares rose 1.5 percent to $96 in early trading on Thursday.

(Reporting by in Bengaluru; Editing by Sriraj Kalluvila)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 18:19 IST
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