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Yum Outperforms Key Q3 Sales Estimates at KFC, Taco Bell



NEW YORK – In the third quarter, Yum Brands outperformed its most important sales estimates regarding the growth of its restaurants in KFC and Taco Bell.

The results helped to boost equities trading ahead of the brand name on Wednesday.

The Louisville, Kentucky-based company's earnings rose 8.6 percent to $ 454 million, or $ 1.40 per share. Excluding expenses and charges, Yum Brands earned $ 1.04 per share, outperforming analysts' forecasts by 20 cents.

Sales declined 3 percent to $ 1.39 billion, but still surpassed Wall Street forecasts.

Total sales in the same store, a key retailer, rose 2 percent and was in line with expectations. The increase was driven by a 3% increase in sales at KFC and a 5% increase in Taco Bell sales that exceeded expectations ": true," logged in ":" true "," subscribers ":" true "," unmetered " : {"sectionPaths": [“/bios”

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