Yum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss.
Shares of the company rose less than 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $1.02 adjusted vs. $1.09 expected
Revenue: $1.89 billion vs. $1.88 billion expected
Yum reported fourth-quarter net income of $330 million, or $1.11 per share, down from $332 million, or $1.08 per share, a year earlier.
Excluding items, the company earned $1.02 per share, falling short of the $1.09 per share expected by analysts surveyed by Refinitiv.
Net sales rose 8% to $1.89 billion, topping expectations of $1.88 billion.