Yum! Brands posted earnings of $1.09 per share for the third quarter, missing the Street expectations of $1.14 a share. Nevertheless, the owner of fast food chains’ revenue of $1.64 billion came in higher than analysts’ expectation of $1.62 billion.
Same-store sales climbed +5% in the quarter, beating StreetAccount estimates of +2.5%.
Revenues from the company’s KFC business were up +1.7% year over year to $704 million, with comps in the segment rising +7% year over year. Pizza Hut revenues fell -45 year-over-year to $237 million, with comps up +1% year over year. Taco Bell's revenues grew +6.4% year-over-year to $568 million, with comps in the segment up +6% year over year. The Habit company sales were $131 million, with comps in the division down -1% year over year.