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Yum brands Inc. beat out Wall Street expectations for quarterly same-restaurant sales. (KFC).
Same-store sales for the second quarter ended June 30 fell 15%. Analysts had forecast a 16.02% fall, according to IBES data from Refinitiv.
TickerSecurityLastChangeChange %YUMYUM! BRANDS94.83+2.08+2.24%
Yum, which operates KFC, Taco Bell and Pizza Hut, said net income fell to $206 million, or 67 cents per share, from $289 million, or 92 cents per share, a year earlier.