A sign is posted on May 1, 2024 for a restaurant Taco Bell in Richmond, California.
Justin Sullivan | Getty images
Yum -brands On Thursday, every three -month income and turnover reported Wall Street estimates, fed by strong sales for the international restaurants of KFC and Taco Bell.
Shares of the company rose more than 2% on the trade in premarket.
This is what the company reported compared to what Wall Street expected, based on a study among analysts by LSEG:
- Profit per share: $ 1.61 adapted versus $ 1.60 expected
- Turnover: $ 2.36 billion versus $ 2.35 billion expected
The restaurant company reported the net income of the fourth quarter of $ 423 million, or $ 1.49 per share, a decrease of $ 463 million, or $ 1.62 per share, a year earlier. Excluding refranching profits and other items earned YUM $ 1.61 per share.
The net turnover climbed by 16% to $ 2.36 billion. More than half of the quarterly sale of YUM was digital, including online and delivery assignments and placed through kiosks in the store.
Yum's in the same store turnover rose by 1% in the quarter, thanks to Taco Bell.
Taco Bell reported the revenue growth of the same 5%store. Executives have previously attributed the strong value perception of the chain for its success in the past quarters.
The turnover of KFCs in the same store was just before the quarter, but the fried chicken chain saw a stronger demand outside the US, for example in China, the largest market, system sales of KFC rose by 5% in the quarter. Europe and Latin America reported sales growth with double digits. The international turnover of the international in the same store of the chain rose by 1%in the quarter.
In the meantime, the sale of the same KFC store in its home market fell 5%. Popeyes has overtaken the chain to become the second largest chicken chain in the US, and other starters, such as raising reed, have grown rapidly.
Pizza Hut, the lagging of Yum's portfolio, reported the turnover of the same store for the quarter of 1%. The turnover of the American pizza chain in the US fell by 2%, while the international activities in the same stores reported in the same store.
Yum opened 1,804 new restaurants during the quarter and grew the number of units by 5%.
This story is developing. Come back for updates.
