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Investing.com -- Yum! Brands (NYSE:YUM) reported mixed results for the first quarter of fiscal 2025, with earnings and same-store sales beating estimates while total revenue fell short.
The company’s shares fell around 1% in premarket trading Wednesday.
The owner of Taco Bell and KFC posted Q1 earnings per share (EPS) of $1.30, slightly ahead of the $1.28 expected by analysts.
Revenue for the quarter stood at $1.79 billion, missing the consensus estimate of $1.85 billion.
Worldwide comparable sales rose 3%, topping expectations for a 2.85% increase.
Taco Bell led the performance with a 9% gain in same-store sales, beating the 7.25% estimate. KFC posted a 2% increase, just above the 1.83% forecast.
Pizza Hut underperformed with a 2% decline in comparable sales, missing the estimate for a 0.79% gain. Habit Burger Grill also fell short, reporting a 3% drop compared to expectations for a 0.67% increase.
“I’m incredibly proud of our teams’ ability to stay nimble and deliver industry-leading results in a complex consumer environment. This quarter, we achieved 8% Core Operating Profit growth, demonstrating the strength and resilience of our business model, " said David Gibbs, CEO of Yum! Brands.
"As I embark on my final year as CEO, I’m confident that Yum!’s world-class franchisees, talent, global scale, proprietary technologies, and our bold growth strategies will continue to position the company for long-term success," he added.