© Reuters. FILE PHOTO: Yum Brands logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Yum Brands Inc topped market expectations for quarterly comparable sales on Wednesday, as more cash-strapped consumers flocked to its Taco Bell and Pizza Hut chains for pocket-friendly meals and snacks amid still high inflation.
Same-store sales rose 6% in the fourth quarter, while analysts’ on average were expecting a 4.57% increase, according to Refinitiv IBES data.
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