A Taco Bell order and drinks sit inside the first digital-only U.S. location at Times Square in New York City, U.S., April 14, 2021.
Yum Brands has banked on aggressive promotions and limited-time offers across its brands to attract customers.
Global same-store sales at Taco Bell restaurants rose 8% in the quarter, above estimates of an increase of 6.49%, while KFC posted an increase of 6%, compared with estimates of 5.39%.
Total same-store sales at Yum Brands rose 6% in quarter, beating analysts' estimates of a 4.73% increase.
On an adjusted basis, Yum Brands earned $1.44 per share, beating estimates of $1.28.
Persons:
Shannon Stapleton, Taco, Taco Bell, Deborah Sophia, Shounak Dasgupta
Organizations:
Bell, REUTERS, Yum Brands, Taco Bell, KFC, Thomson
Locations:
New York City, U.S, Taco, United States, Bengaluru