Yum Brands (YUM) Q1 2022 earnings.

Vehicles wait in line in the driving lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, USA

Daniel Acker | Bloomberg | Getty Images

Yum Brands Wednesday reported quarterly earnings and revenues that disappointed analysts’ expectations as KFC and Pizza Hut sales disappointed.

Here is what the company reported compared to what Wall Street expected, based on a survey of analysts from Refinitiv:

  • Earnings per share: $ 1.05 adjusted versus $ 1.07 expected
  • Revenue: $ 1.55 billion versus $ 1.59 billion expected

Yum reported first-quarter net income of $ 399 million, or $ 1.36 per share, compared with $ 326 million, or $ 1.07 per share, a year earlier.

Excluding refresher earnings, profits from Russian operations and other items, the company earned $ 1.05 cents per share, missing the $ 1.07 per share forecast by analysts interviewed by Refinitiv.

Net sales rose 4% to $ 1.55 billion, not living up to expectations of $ 1.59 billion.

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