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Yum Brands quarterly revenue beats estimates

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By Reuters

(Reuters) – Yum Brands Inc’s <YUM.N> third-quarter revenue beat Wall Street estimates on Wednesday, as more people visited its KFC and Taco Bell chains.

Same-store sales rose 3 percent at KFC and 5 percent at Taco Bell. Analysts were expecting a rise of 2.13 percent and 3 percent, respectively, according to Refinitiv data

Yum’s total revenue fell 3 percent to $1.39 billion (1 billion pounds), but beat analysts’ average estimate of $1.38 billion.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur)