Yum Brands Hits New High On Earnings

‎TheStreet.com:

Yum! Brands hit a new high on Thursday after it reported better-than-expected first-quarter earnings.

The owner of Pizza Hut, Taco Bell and KFC saw a 10% jump in profit to $241 million, or 50 cents a share, compared with $218 million, or 46 cents, in the year-ago period.

Excluding franchising losses and other items, Yum actually earned 59 cents a share, topping Wall Street’s forecast of 53 cents.

Revenue rose 6% to $2.35 billion, while U.S. same-store sales slipped 1%.