Yum Brands (YUM) earnings Q4 2022

Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois.

Daniel Acker | Bloomberg | Getty Images

Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong same-store sales growth at Taco Bell.

Shares of the company were flat in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.31 adjusted vs. $1.26 expected
  • Revenue: $2.02 billion vs. $1.92 billion expected

Yum reported fourth-quarter net income of $371 million, or $1.29 per share, up from $330 million, or $1.11 per share, a year earlier.

Excluding items, the company earned $1.31 cents per share.

Net sales rose 7% to $2.02 billion.

Read the full Yum Brands earnings report here.

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