Yum! Brands stock pops on quarterly earnings beat
Yahoo Finance Live’s Rachelle Akuffo discusses quarterly earnings for Taco Bell parent company Yum! Brands and Chipotle.
- Well, prices are still top of mind for inflationary consumers, which we saw in earnings from restaurant giants, Yum Brands and Chipotle. Yum Brands beat Wall Street profit estimates in the latest quarter as consumers remain lured in by Taco Bell's value offerings. Chipotle painted a slightly different picture, though, with sales cooling following a recent round of price hikes.