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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.
Following China business separation, Yum! Brands endeavors to drive growth 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.
Particularly, augmented pace of unit development, along with increased investments in technology-driven initiatives should drive top-line growth.
However, a soft consumer spending environment in the U.S. restaurant space, slowdown in emerging markets along with negative currency translation raises concern.
Investors should note that the consensus estimate for YUM has hardly witnessed any significant movement 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 4.85%. However, revenues posted positive surprises in just one of the trailing four 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 61 cents per share, and the company reported earnings of 68 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: YUM reported revenues of $1.45 billion. This surpassed our consensus estimate of $1.41 billion.
Key Stats to Note: In second-quarter 2017, comps at the KFC and Taco Bell division were up 3% and 4%, respectively. However, Pizza Hut comps declined 1% in the quarter.
Stock Price Impact: At the time of writing, the stock price of Yum! Brands’ was down 0.3% during pre-market trading hours following the earnings release.
Check back later for our full write up on this YUM earnings report!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
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Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
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Yum! Brands (YUM) Tops Q2 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.
Following China business separation, Yum! Brands endeavors to drive growth 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.
Particularly, augmented pace of unit development, along with increased investments in technology-driven initiatives should drive top-line growth.
However, a soft consumer spending environment in the U.S. restaurant space, slowdown in emerging markets along with negative currency translation raises concern.
Investors should note that the consensus estimate for YUM has hardly witnessed any significant movement 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 4.85%. However, revenues posted positive surprises in just one of the trailing four 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 61 cents per share, and the company reported earnings of 68 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: YUM reported revenues of $1.45 billion. This surpassed our consensus estimate of $1.41 billion.
Key Stats to Note: In second-quarter 2017, comps at the KFC and Taco Bell division were up 3% and 4%, respectively. However, Pizza Hut comps declined 1% in the quarter.
Stock Price Impact: At the time of writing, the stock price of Yum! Brands’ was down 0.3% during pre-market trading hours following the earnings release.
Check back later for our full write up on this YUM earnings report!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>