YUM stock is in the red today after Yum! Brands (NYSE:YUM), the parent company of Taco Bell and KFC, released quarterly earnings that fell short of analysts’ expectations.
While third-quarter revenue of $1.34 billion USD was in line with analysts’ expectations, same-store sales from across the company’s three major chains, which also includes Pizza Hut, were disappointing. Adjusted earnings per share came in at 80 cents, which also fell short of the 94 cents that had been expected. YUM stock tumbled nearly 10% in early Wednesday trading.
The company has said that changing the ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals. Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer.