NEW YORK • Yum Brands Inc. reported better-than-expected third-quarter results Thursday as a key sales figure rose at KFC, Pizza Hut and Taco Bell.
Sales rose 4 percent at KFC’s existing locations, rose 3 percent at Taco Bell and rose 1 percent at Pizza Hut.
The Louisville, Ky.-based company reported adjusted earnings of 68 cents per share in the three months ending Sept. 30. That’s a penny above what Wall Street analysts expected, according to FactSet.
Revenue fell 5 percent to $1.44 billion in the period, but beat the $1.39 billion analysts expected.