Yum Brands said it expects same-store sales growth of 2% to 3% in fiscal 2019, with KFC and Taco Bell driving the outlook.
The Louisville, Kentucky-based company also said it is targeting full-year system sales growth in the mid-to-high single digit range. It added that it was on track to deliver profit of $3.75 per share in 2019.
Analysts surveyed by IBES data from Refinitiv were expecting same-store sales growth of 2.25% and profit of $3.80 per share.
FILE PHOTO: A customer walks out of a KFC restaurant in Shanghai, China, October 9, 2015. REUTERS Aly Song
Reporting by Soundarya J in Bengaluru; Editing by Sriraj Kalluvila
