Yum! Brands Inc. said its third-quarter normalized net income was 59 cents per share, compared with the S&P Capital IQ consensus estimate of 67 cents per share.
EPS climbed 20.6% year over year from 49 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $208.8 million, an increase of 7.7% from $193.8 million in the prior-year period.
The normalized profit margin rose to 14.5% from 12.8% in the year-earlier period.
Total revenue decreased 5.4% year over year to $1.44 billion from $1.52 billion, and total operating expenses decreased 10.6% year over year to $993.0 million from $1.11 billion.
Reported net income grew 91.7% on an annual basis to $416.5 million, or $1.18 per share, from $217.3 million, or 55 cents per share.
