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Yum! Brands Beats On Earnings But Misses On Revenue

Matthew Boesler   

Yum! Brands Beats On Earnings But Misses On Revenue
Stock Market1 min read

KFC Yum Brands Taco Bell

Getty Images

Workers set up a KFC billboard in Beijing, China.

Yum's Q1 2013 earnings results are out.

The company reported earnings of $0.70 per share, greater than the $0.60 expected by analysts.

Revenues, however, came in at $2.54 billion, slightly below the $2.56 billion analysts predicted.

In the first quarter, same-store sales in the U.S. were up 2%.

However, China same-store sales were down 20%.

The company said negative media on the poultry supply in China because of the bird flu story has subsided, but it expects a volatile recovery in Chinese sales nonetheless.

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