Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand, last January.
Brent Lewin | Bloomberg | Getty Images
Yum Brands reported second-quarter earnings Thursday that beat Wall Street’s expectations, sending its shares up more than 4% in premarket trading.
Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:
- Adjusted earnings per share: 93 cents vs. 87 cents expected
- Revenue: $1.31 billion vs. $1.28 billion
Read Yum Brand’s full second-quarter results here.
Last week, the company named a new CEO to its Taco Bell division. Mark King, former Adidas president, will take over the role from Brian Niccol, who left for Chipotle in February 2018.
The fast food conglomerate owns Taco Bell, KFC and Pizza Hut. It has a market value of $34.4 billion, and is up 22% so far this year.