Yum! Brands Inc. said its normalized net income for the fiscal third quarter ended Sept. 5 amounted to 83 cents per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.
EPS rose 16.9% year over year from 71 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $369.4 million, an increase of 14.8% from $321.6 million in the year-earlier period.
The normalized profit margin climbed to 10.4% from 9.6% in the year-earlier period.
Total revenue grew on an annual basis to $3.43 billion from $3.35 billion, and total operating expenses came to $2.80 billion, compared with $2.82 billion in the year-earlier period.
Reported net income rose on an annual basis to $421.8 million, or 95 cents per share, from $402.3 million, or 89 cents per share.