Yum Brands Inc. reported better-than-expected earnings before market open Wednesday.

The parent of Taco Bell, Pizza Hut and KFC fast-food restaurants had net income of $416 million, or $1.46 a share, up from $331 million, or $1.14 a share, in the year-earlier period. Adjusted per-share earnings came to $1.44, ahead of the $1.27 FactSet consensus. Yum Brands’ YUM revenue rose to $1.708 billion from $1.64 billion in the prior year’s quarter. Analysts surveyed by FactSet were looking for revenue of $1.772 billion.

Same-store…