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Yum Brands Inc. (YUM) Beats Q2 Earnings, Stock Up 3.8%
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Yum Brands Inc. (YUM - Free Report) just released its Q2 2016 earnings results, posting earnings of $0.75 per share and revenue of $3.008 billion.
Currently, YUM has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
YUM:
1. Beat earnings estimates. The company posted earnings of $0.75 per share (excluding $0.06 from non-recurring items), beating our Zacks Consensus Estimate of $0.74.
2. Missed revenue estimates. The company saw revenue figures of $3.008 billion, missing our estimate of $3.099 billion.
3. Greg Creed, CEO, said “Given our strong first-half results and current trends in China, I’m pleased to raise our full-year operating profit growth forecast to at least 14% from 12% previously.”
4. Creed was also pleased by continued sales momentum at KFC China, which delivered a higher than expected same-store sales growth of 3%. Creed continued stating that “This represents the fourth consecutive quarter of positive same-store sales at KFC China despite the second quarter being our most difficult of the year from a historical sales overlap standpoint.”
5. YUM was up $3.27, or 3.81%, to $89.01 as of 4:41 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Yum’s latest earnings performance:
Yum! Brands, Inc. is the world's largest restaurant company in terms of system units with nearly 38,000 restaurants in over 120 countries and territories. Their brands - KFC, Pizza Hut and Taco Bell are well-known names in the chicken, pizza and Mexican-style food categories.
Check back later for our full analysis on Yum Brands Inc.’s latest quarterly earnings report!
If you want information on how to trade during earnings, check out the Zacks Market Edge Podcast below.
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Yum Brands Inc. (YUM) Beats Q2 Earnings, Stock Up 3.8%
Yum Brands Inc. (YUM - Free Report) just released its Q2 2016 earnings results, posting earnings of $0.75 per share and revenue of $3.008 billion.
Currently, YUM has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
YUM:
1. Beat earnings estimates. The company posted earnings of $0.75 per share (excluding $0.06 from non-recurring items), beating our Zacks Consensus Estimate of $0.74.
2. Missed revenue estimates. The company saw revenue figures of $3.008 billion, missing our estimate of $3.099 billion.
3. Greg Creed, CEO, said “Given our strong first-half results and current trends in China, I’m pleased to raise our full-year operating profit growth forecast to at least 14% from 12% previously.”
4. Creed was also pleased by continued sales momentum at KFC China, which delivered a higher than expected same-store sales growth of 3%. Creed continued stating that “This represents the fourth consecutive quarter of positive same-store sales at KFC China despite the second quarter being our most difficult of the year from a historical sales overlap standpoint.”
5. YUM was up $3.27, or 3.81%, to $89.01 as of 4:41 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Yum’s latest earnings performance:
YUM! BRANDS INC Price and EPS Surprise
YUM! BRANDS INC Price and EPS Surprise | YUM! BRANDS INC Quote
Yum! Brands, Inc. is the world's largest restaurant company in terms of system units with nearly 38,000 restaurants in over 120 countries and territories. Their brands - KFC, Pizza Hut and Taco Bell are well-known names in the chicken, pizza and Mexican-style food categories.
Check back later for our full analysis on Yum Brands Inc.’s latest quarterly earnings report!
If you want information on how to trade during earnings, check out the Zacks Market Edge Podcast below.
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 >>