Yum! Brands Beats On Earnings But Misses On Revenue

Business Insider

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KFC Yum Brands Taco Bell

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Workers set up a KFC billboard in Beijing, China.

Yum's Q1 2013 earnings results are out.

The company reported earnings of $0.70 per share, greater than the $0.60 expected by analysts.

Revenues, however, came in at $2.54 billion, slightly below the $2.56 billion analysts predicted.

In the first quarter, same-store sales in the U.S. were up 2%.

However, China same-store sales were down 20%.

The company said negative media on the poultry supply in China because of the bird flu story has subsided, but it expects a volatile recovery in Chinese sales nonetheless.

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