KFC owner Yum Brands beats quarterly sales estimates on steady demand

(Reuters) – Yum Brands topped market estimates for quarterly comparable sales on Wednesday, as cheaper meals and promotional offers at its KFC and Taco Bell restaurants drew in more customers.

Same-store sales at the company, which also owns the Pizza Hut chain, rose 9% in the second quarter, compared with analysts’ estimates of a 7.01% increase, according to Refinitiv IBES data.