YUM! Brands, Inc. YUM reported strong second-quarter 2020 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate. However, both the metrics declined year over year.Results in the quarter were impacted by the coronavirus pandemic. However, strong digital sales, and the company capabilities to adjust operations, menu options and marketing across the globe helped it amid the challenging scenario.The company’s adjusted earnings of 82 cents beat the Zacks Consensus Estimate of 52 cents. In the prior-year quarter, the company had reported adjusted earnings of 93 cents.YUM! Brands’ total revenues of $1,198 million surpassed the consensus estimate of $1,168 million. However, the top line declined 9% year over year. The downside can be attributed to decreased sales of franchise and property revenues, and franchise contributions for advertising and other services.Worldwide system sales — excluding foreign currency translation — declined 12% year over year, with KFC, Pizza Hut and Taco Bell falling 18%, 10% and 6%, respectively.Yum Brands, Inc. Price, Consensus and EPS Surprise Yum Brands, Inc. price-consensus-eps-surprise-chart | Yum Brands, Inc. QuoteDivisional PerformanceYUM! Brands primarily reports results under three divisions — KFC, Pizza Hut and Taco Bell.For second-quarter 2020, revenues from KFC totaled $409 million, down 30% year over year. Comps at this division declined 21% against the year-ago quarter’s growth of 6%.This segment’s operating margin fell 730 basis points (bps) year over year to 37.4% primarily due to lower same-store sales, high bad debt expenses and decline in company restaurant margins owing to the pandemic, partially offset by net new unit growthIn the quarter under review, KFC Division opened 234 gross new restaurants.At Pizza Hut, revenues amounted to $235 million, down 4% on a year-over-year basis. Comps declined 9% in the reported quarter. Notably, comps were up 2% in second-quarter 2019.The segment’s operating margin was down 190 bps year over year to 36.8% owing to lower comps, which was marginally overshadowed by U.S. franchise bad debt recoveries.Pizza Hut Division opened 70 gross new restaurants in the second quarter.Taco Bell’s revenues were $449 million, down 7% from the year-ago quarter. Comps decreased 8% in the reported quarter compared with the year-ago quarter’s growth of 7%. Its operating margin was up 120 bps year over year to 34.4%. It was primarily driven by lower general and administrative, and franchise and property expenses in the reported quarter.Taco Bell recorded 22 gross new restaurants openings during the quarter.Other Financial DetailsCash and cash equivalents as of Jun 30, 2020, totaled $1,243 million compared with $605 million on Dec 31, 2019. Long-term debt at the end of the reported quarter was $11,252 million compared with $10,131 million at 2019-end.Zacks Rank & Other Key PicksYum! Brands, which shares space with McDonald's Corporation MCD, carries a Zacks Rank #2 (Buy).Some other top-ranked stocks worth considering in the same space include Domino's Pizza, Inc. DPZ and Dine Brands Global, Inc. DIN. Both the stocks sport the Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Domino's Pizza has an impressive long-term earnings growth rate of 13.9%.Dine Brands Global beat estimates in three of the trailing four quarters and missed the same once, the average surprise being 9.2%.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominos Pizza Inc (DPZ): Free Stock Analysis Report DINE BRANDS GLOBAL, INC. (DIN): Free Stock Analysis Report McDonalds Corporation (MCD): Free Stock Analysis Report Yum Brands, Inc. (YUM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research