As Yum Brands aims to be a “leading global digital restaurant company,” per CEO David Gibbs, the quick-service restaurant (QSR) giant is tapping its tech acquisitions to create a unified eCommerce ecosystem on which to layer artificial intelligence (AI) capabilities to drive sales and productivity.
YUM! Brands' (YUM) second-quarter 2024 results reflect strong performance from the Taco Bell and KFC divisions. Yet, increased expenses and unfavorable foreign currency translation marred prospects to some extent.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 250 points on Tuesday.
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.