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Sales of Pizza Hut, KFC, Taco Bell bounce as restrictions ease

LOUISWILL, Ken. (AP) – The company ‘s profit in the first quarter more than tripled Pizza Hut, Taco Bell և KFC restaurants եստոր Sales of the same stores as coronavirus restrictions began to be lifted this year.

Yum Brands earned $ 326 million, or $ 1.07 per share, as of March 31, which was marked by an outbreak of COVID-19 in the United States last year. In that quarter of last year, the company’s profit fell to $ 83 million, compared to $ 262 million in the same three months of 2019.

So the return for the company’s restaurants was better than the pre-epidemic levels. Wall Street analysts forecast a gain of 85 cents for this stock, according to a study by Zacks Investment Research, which Yam won 22 cents.

Revenue jumped 18% to $ 1.49 billion, which also exceeded expectations.

Sales in stores have been open for at least a year, with the main measure of the restaurant operator’s health rising by 9%. Sales of the same KFC stores in the US increased by 14%, while Pizza Hut increased by 16%. Those results were twice as high as his results abroad.

Shares rose more than 1% before the opening call on Wednesday.

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Elements of this story were created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access Zacks Stock Report at YUM: https://www.zacks.com/ap/YUM

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