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Yum Brands (YUM) Q3 2021 earnings

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A Taco Bell restaurant in Laguna Beach, California.

Scott Mlyn | CNBC

Yum Brands on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong demand for KFC’s fried chicken.

Premarket trading saw shares of the company rise less than 1%

This is what the company said compared to what Wall Street expected based upon a Refinitiv survey of analysts:

  • Earnings per share: $1.22 adjusted vs. $1.08 expected
  • Revenues: $1.61 Billion vs. expected $1.59 Billion

After reporting net income of $283million or 92cs per share in the previous year, $528 million was reported by the company for its fiscal third-quarter.

Yum earned $1.22 per sen without excluding any items. That’s higher than the $1.08 expected by Refinitiv analyst surveyed.

Net sales rose 11% to $1.61 billion, topping expectations of $1.59 billion.

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