Yum! Brands Q2 Results Miss Estimates

(RTTNews) - Yum! Brands, Inc. (YUM) reported net income for the second quarter of $334 million or $0.73 per share, compared to $281 million or $0.61 per share for the year-ago quarter.

The year-ago results included special items of $0.05 per share.

Total revenue for the second quarter rose 10% to $3.20 billion from $2.90 billion in the same quarter last year.

Analysts polled by Thomson REuters expected the company to earn $0.74 per share on revenue of $3.25 billion for the second quarter.

David Novak, Yum! Brands Chairman and CEO said, "Yum! Brands is well on its way to delivering full-year EPS growth of at least 20%, with second-quarter EPS growth of 30%."