While the top- and bottom-line numbers for Yum (YUM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shares in Yum! Brands Inc (NYSE:YUM) rose after the KFC, Pizza Hut and Taco Bell owner served up second-quarter earnings that beat Wall Street forecasts, but revenues were lower than expected.
Yum Brands (YUM) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.41 per share a year ago.
Yum Brands reported revenue that fell short of expectations for the second quarter. The restaurant company owns Taco Bell, KFC and Pizza Hut.
Shares of Yum Brands Inc. YUM, -1.38% rose 1.4% in premarket trading Tuesday, after the parent of restaurant brands KFC, Taco Bell and Pizza Hut reported second-quarter profit the beat expectations, whiles revenue came up a bit shy. Net income fell to $367 million, or $1.28 a share, from $418 million, or $1.46 a share, in the same period a year ago.
Yum! Brands, Inc. YUM is set to release earnings results for its second quarter, before the opening bell on Aug. 6, 2024.
Yum! Brands (YUM) benefits from robust same-store sales growth and expansion efforts.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Yum (YUM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Taco Bell's parent company is ramping up its implementation of drive-thru AI at the chain. Yum! Brands said Wednesday that hundreds of Taco Bells are set to have voice AI by the end of 2024.
Taco Bell will add AI voice technology to hundreds of its drive-thrus by year's end. It's part of parent Yum!
Yum Brands said that hundreds of Taco Bell locations in the U.S. will use artificial intelligence in drive-thru lanes by the end of 2024. Restaurant companies like Wendy's and White Castle have been slowly implementing the tech to reduce labor costs and improve speed of service.
Yum (YUM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.