Shares of Taco Bell parent Yum slide after GrubHub investment weighs on earnings [MSNBC.com]
Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB)
Last just eat takeaway.com n.v. - american depositary shares earnings: 2/5 04:05 pm
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Source: MSNBC.com
Shares of Taco Bell parent Yum slide after GrubHub investment weighs on earnings A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell's parent company Yum Brands GrubHub Yum's other two chains, Pizza Hut and Yum, also missed Wall Street's estimates for same-store sales growth. Shares of the company dropped 4% in premarket trading. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: per share: 80 cents, adjusted, vs. 94 cents expected The company reported fiscal third-quarter net income of $255 million, or 81 cents per share, down from $454 million, or $1.40 per share, a year earlier. Yum bought a 3% stake in the third-party delivery app last year as more national chains looked to lift sales by offering delivery. GrubHub has struggled this year as fierce competition with the likes of UberEats Shares tanked 40% on Tuesday Excluding refranchis
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