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00:02Yum! Brands reported quarterly earnings and revenue that topped analysts' expectations,
00:08driven by strong performance at Taco Bell, according to CNBC.
00:11The world's largest restaurant chain reported adjusted earnings of $1.50 per share
00:16on $2.06 billion in revenue, beating estimates of $1.38 per share and $2.04 billion.
00:25Net income rose to $432 million from $253 million a year earlier.
00:32Net sales increased 15%, driven by higher revenue from company-owned restaurants
00:37after the company acquired more than 100 Taco Bell locations.
00:41Global same-store sales rose 3%, supported by Taco Bell's 8% growth, which exceeded estimates.
00:49KFC reported 2% same-store sales growth, with U.S. system sales down 2%,
00:54prompting the chain to adopt innovation and affordability strategies similar to Taco Bell.
00:59Pizza Hut posted flat global same-store sales, with U.S. sales down 4%,
01:04while the company continues exploring strategic options for the chain.
01:08For all things money, visit Benzinga.com.
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