Report
Yum Brands beats earnings estimates as cyclospora outbreak hits Taco Bell sales
Taco Bell's same-store sales fell 4% in the third quarter as a cyclospora outbreak linked to lettuce deterred diners.
TLDR
Yum posted adjusted earnings of $1.56 per share, above the $1.49 analysts expected, while revenue of $2.05 billion matched forecasts. Taco Bell's same-store sales have since improved, rising about 1% so far in the fourth quarter, Yum CFO Ranjith Roy said. Yum also completed its Pizza Hut divestiture during the third quarter.
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