Yum Brands (NYSE:YUM) posted a decline in second quarter earnings later yesterday, to $286 million, or $0.59 per share, from $303 million, or $0.63 per share, in the same quarter last year.
Revenue rose to $2.57 billion vs. $2.48 billion last year, and Yum said adjusted earnings totaled $0.58 per share.
Results were ahead of analyst estimates, but the parent to Pizza Hut, Taco Bell and KFC gave an outlook for the full year disappointed analysts.
Even though the company hiked its full year forecast to $2.39 to $2.43 per share, that fell short of expectations.
Yum shares are trading down over 2.6% Wednesday.
A look at some of its fast food competitors…Burger King (NYSE:BKC) is trading down nearly 1% today, while Wendy’s/Arby’s (NASDAQ:WEN) trades down over 1.4% and the biggest of the all, McDonald’s (NYSE:MCD) is trading down more than .3%.
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