Yum Brands Inc. /zigman2/quotes/209029767/composite YUM +0.13% stock rose 2.8% in Thursday premarket trading after the fast-food company reported earnings and sales that beat the Street. Net income totaled $391 million, or $1.29 per share, up from $206 million, or 67 cents per share, last year. Adjusted EPS of $1.16 beat the FactSet consensus for 96 cents. Revenue of $1.60 billion was up from $1.20 billion last year and also ahead of the FactSet consensus for $1.48 billion. Worldwide comparable sales jumped 23%, with Taco Bell up 21%, KFC rising 30% and Pizza Hut increasing 10%. Habit Burger Grill comparable sales rose 31%. Yum stock has gained 13% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.75% is up 17.2% for the period.
A previous version of this article misstated the comparable sales growth at KFC. It has been corrected.