Yum matches third quarter profit expectations FILE – This Jan. 31, 2014 file photo shows a Taco Bell facade behind a KFC drive-thru sign in Saugus, Mass. Fast-food conglomerate Yum! Brands, Inc., headquartered in Louisville, Ky., reports quarterly earnings on Tuesday, Oct. 7, 2014. (AP Photo/Elise Amendola) Yum matches third quarter profit expectations Earnings » Parent company of KFC, Taco Bell and Pizza Hut made $404M in Q3. The Associated Press First Published 12 minutes ago • Updated 12 minutes ago Louisville • Yum Brands Inc. reported third-quarter earnings Tuesday of $404 million. The Louisville-based company said it had a gross profit of 89 cents per share. Earnings, adjusted for non-recurring gains, were 87 cents per share. The results slightly surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was 86 cents a share. Yum, parent company of KFC, Taco Bell and Pizza Hut, posted revenue of $3.35 billion in the period, which did not meet Street forecasts. Analysts expected $3.46 billion, according to Zacks. Yum shares have declined almost 8 percent since January, while the Standard & Poor’s 500 index has risen almost 5 percent. Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, [...] newsintx/yum-matches-third-quarter-profit-expectations/
Posted on: Wed, 08 Oct 2014 01:10:15 +0000
Trending Topics
Recently Viewed Topics
© 2015