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Louisville, KY-based Yum! Brands, Inc. (YUM - Free Report) is a leading multi-branding company which offers consumers more choice and convenience at one outlet. Its brands - KFC, Pizza Hut and Taco Bell - are regarded as the global leaders of the chicken, pizza and Mexican-style food categories.
The spin-off of the company’s China business into an independent, publicly-traded company on Oct 31, 2016, somewhat deterred the story company’s growth.
Nonetheless, efforts to subsidize the effects of the spin-off by employing greater focus on the development of its three iconic global brands, increasing its franchise ownership, and creating a leaner, more efficient cost structure bodes well.
Investors should note that the consensus estimate for YUM has been moving slightly downwards over the last 60 days. Meanwhile, YUM’s earnings have been mostly strong over the past few quarters. In fact, the company’s earnings surpassed/met the Zacks Consensus Estimate in the last four quarters, with an average beat of 6.38%. Revenues were almost in line with the Zacks Consensus Estimate in the last quarter. However, prior to that, revenues had fallen short of the same in the trailing three quarters.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: YUM beats on earnings. Our consensus earnings estimate called for earnings per share of 60 cents per share, and the company reported earnings of 65 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: YUM reported revenues of $1.42 billion. This surpassed our consensus estimate of roughly $1.35 billion.
Key Stats to Note: In first-quarter 2017, comps at the KFC and Taco Bell division were up 2% and 8%, respectively. However, Pizza Hut comps declined 3% in the quarter.
Stock Price Impact: At the time of writing, the stock price of Yum! Brands’ was up nearly 2% during pre-market trading hours following the earnings release.
Check back later for our full write up on this YUM earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Yum! Brands (YUM) Tops Q1 Earnings & Revenue Estimates
Louisville, KY-based Yum! Brands, Inc. (YUM - Free Report) is a leading multi-branding company which offers consumers more choice and convenience at one outlet. Its brands - KFC, Pizza Hut and Taco Bell - are regarded as the global leaders of the chicken, pizza and Mexican-style food categories.
The spin-off of the company’s China business into an independent, publicly-traded company on Oct 31, 2016, somewhat deterred the story company’s growth.
Nonetheless, efforts to subsidize the effects of the spin-off by employing greater focus on the development of its three iconic global brands, increasing its franchise ownership, and creating a leaner, more efficient cost structure bodes well.
Investors should note that the consensus estimate for YUM has been moving slightly downwards over the last 60 days. Meanwhile, YUM’s earnings have been mostly strong over the past few quarters. In fact, the company’s earnings surpassed/met the Zacks Consensus Estimate in the last four quarters, with an average beat of 6.38%. Revenues were almost in line with the Zacks Consensus Estimate in the last quarter. However, prior to that, revenues had fallen short of the same in the trailing three quarters.
Yum! Brands, Inc. Price and EPS Surprise
Yum! Brands, Inc. Price and EPS Surprise | Yum! Brands, Inc. Quote
YUM currently has a Zacks Rank #3 (Hold) but that could change following Yum! Brands’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: YUM beats on earnings. Our consensus earnings estimate called for earnings per share of 60 cents per share, and the company reported earnings of 65 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: YUM reported revenues of $1.42 billion. This surpassed our consensus estimate of roughly $1.35 billion.
Key Stats to Note: In first-quarter 2017, comps at the KFC and Taco Bell division were up 2% and 8%, respectively. However, Pizza Hut comps declined 3% in the quarter.
Stock Price Impact: At the time of writing, the stock price of Yum! Brands’ was up nearly 2% during pre-market trading hours following the earnings release.
Check back later for our full write up on this YUM earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>