BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'sales GM'. (Return)

MarketWatch MarketPulseOct 29, 2020
Shares of Taco Bell parent Yum Brands rise after earnings beat expectations.
Yum Brands Inc. stock rose 1.5% in Thursday premarket trading after the restaurant company reported third-quarter earnings and revenue that beat expectations. Net income totaled $283 million, or 92 cents per share, up from $255 million, or 81 cents per share, last year. Adjusted EPS of $1.01 beat the FactSet consensus for 80 cents. Revenue of $1.45 billion was up from $1.34 billion and also beat the FactSet consensus for $1.42 billion. Digital sales reached a record $4 billion, up $1 billion from last year. Systemwide global same-store sales fell 2%, ahead of the FactSet consensus for a 4.1% decline. KFC same-store sales fell 4%, Pizza Hut was down 3% and Taco Bell increased 3%. Yum is now also the owner of Habit Burger Grill, which saw a 3% same-store sales decline for the quarter. Yum disposed of its investment in Grubhub Inc. for $206 million. Yum Brands shares have fallen 5.6% for the year to date while the S&P 500 index is up 1.3% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


TRENDING TAGS
StockEarnings Covid Market Today Buy
COVID-19cases drug million about vaccine
PandemicDuring Boeing Demand jobs Business
ElectionStocks before Could How Court
CovidCovid-19 cases Vaccine global stocks
EconomyGDP Record will Growth Q3
StocksEuropean Covid Europe Dow Election
Economicrecord GDP coronavirus recovery Report
earningsQ3 Stock Call Transcript Beat
Coronaviruscases latest record million economic

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC