Yum Brands report on social responsibility highlights progress across brands qsrweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qsrweb.com Daily Mail and Mail on Sunday newspapers.
Photo: iStock
Feb. 4, 2021
The fourth quarter of 2020 worked out pretty well for Louisville, Kentucky-based Yum Brands, which beat analysts estimates thanks to Taco Bell, which recorded a 1% sales increase to $3.67 million. Sister brands, Pizza Hut and KFC, were dragged down by their international sales declines, according to a company press release.
YUM earnings per share handily topped analysts prediction of $1.01 per share by coming in at $1.15 per share adjusted. That s a 15% gain over the previous year s quarter. Revenue also exceeded expectations of $1.72 billion, coming in at $1.74 billion. Other results included:
Yum Brands full-year EPS for 2020 also managed a 2% increase to $3.62 though EPS for Q4, which ended Dec. 31, fell 32% to $1.08,. Full-year GAAP EPS was $2.94, down 29%, according to the company s quarterly results released this morning. The company reporter Q4 net income of $332 million, or $1.08 per share, down from $488 million, or $1.58 per share, a year