Taco Bell parent inventory falls on earnings miss

Yum Brands on Thursday reported quarterly earnings that fell short of analysts’ expectations.

Shares of the firm dropped 1 percent in premarket trading.

Here is what the firm reported in comparison with what Wall Street was expecting, according to a poll of economists by Refinitiv:

• Earnings per share: $1. 00, corrected, vs. $1. 13 anticipated
• Earnings: $1. 69 billion, vs. $1. 66 billion anticipated
• Same-store earnings: 2 percent, averaging 2.3% anticipated

Taco Bell’s parent company reported financial fourth-quarter net earnings of $488 million, or $1. 58 percent shareup from $334 million, or $1. 04 per share, a year before.

Excluding items, Yum earned $1. 00 per share, missing the 1. 13 per share expected by analysts surveyed from Refinitiv.

Internet sales climbed 9 percent to $1. 69 billion, topping expectations of $1. 66 billion. )