BREAKING NEWS

BREAKING NEWS

Pizza Hut comp sales growth boosts Yum Brand's global sales

Now Reading:

Pizza Hut comp sales growth boosts Yum Brand's global sales

Text size Aa Aa

(Reuters) – Yum Brands Inc <YUM.N> posted a better-than-expected rise in quarterly sales at established restaurants worldwide, with its Pizza Hut chain reporting a surprise rise in same-restaurant sales after five quarters of declines. Sales at its restaurants open at least a year rose 3 percent, above the 1.7 percent growth expected by analysts polled by research firm Consensus Metrix. Yum Brands’ net income from continuing operations rose to $418 million (£316 million), or $1.18 per share, in the third quarter ended Sept. 30, from $218 million, or 55 cents per share, a year earlier.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Bernard Orr)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.