Yum Brands reports $1.62 Q2 EPS, beating expectations, but revenue misses by $10M despite 12.4% year-over-year growth.
Yum Brands posted second-quarter non-GAAP earnings per share of $1.62, exceeding estimates by $0.06. Revenue reached $2.17 billion, up 12.4% year-over-year but missing forecasts by $10 million.
The company saw 7% same-store sales growth at Taco Bell and 7% unit growth at KFC. Digital system sales, excluding Pizza Hut, surpassed 60% of total sales.
Shares showed muted reaction in after-hours trading as investors weighed the earnings beat against the revenue miss.