Yum Brands reports first-quarter net profit of $326 million

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Yum Brands reports first-quarter net profit of $326 million

On Wednesday, Yum Brands Inc. reported first-quarter net income of $326 million.

The Louisville, Kentucky-based company said it had a loss of $1.07 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by ZacksZacks Investment Research was for earnings of 85 cents per share.

The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.49 billion in the period, also topping the Street forecasts. Seven analysts predicted by Zacks $1.46 billion for the year.

May share has risen 7% since the beginning of this year, while S&P 500 index has increased 11%. The stock has increased 32% in the last 12 months.

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