Yum! Brands Inc. said its normalized net income for the fiscal second quarter ended June 13 came to 62 cents per share, compared with the S&P Capital IQ consensus estimate of 63 cents per share.
EPS decreased year over year from 64 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $275.3 million, a decline of 5.0% from $289.8 million in the year-earlier period.
The normalized profit margin dropped to 8.7% from 9.0% in the year-earlier period.
Total revenue decreased on an annual basis to $3.10 billion from $3.20 billion, and total operating expenses fell year over year to $2.64 billion from $2.71 billion.
Reported net income declined 29.0% from the prior-year period to $235.8 million, or 53 cents per share, from $332.1 million, or 73 cents per share.