Yum Brands (YUM - Free Report) reported $1.69 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 3.1%. EPS of $1.41 for the same period compares to $1.05 a year ago.
The reported revenue represents a surprise of -3.57% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +14.63%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Yum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- System same-store sales - Taco Bell Division - YoY change: 4% versus 4.59% estimated by eight analysts on average.
- System same-store sales - KFC Division - YoY change: 13% versus 7.54% estimated by eight analysts on average.
- System same-store sales - Pizza Hut Division - YoY change: 4% compared to the 8.09% average estimate based on seven analysts.
- Total restaurants - KFC Division: 28500 compared to the 28373.79 average estimate based on seven analysts.
- Revenues- Franchise and property revenues: $785 million compared to the $789.54 million average estimate based on eight analysts. The reported number represents a change of +6.5% year over year.
- Revenues- Franchise contributions for advertising and other services: $391 million versus $437.29 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -2.3% change.
- Revenues- Company sales: $511 million versus $523.07 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
- Revenues- KFC Division - Franchise contributions for advertising and other services: $151 million versus $181.78 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
- Revenues- Pizza Hut Division - Franchise contributions for advertising and other services: $89 million versus the five-analyst average estimate of $98.42 million. The reported number represents a year-over-year change of +1.1%.
- Revenues- Taco Bell Division - Franchise contributions for advertising and other services: $150 million compared to the $156.94 million average estimate based on five analysts. The reported number represents a change of +4.2% year over year.
- Revenues- KFC Division - Company sales: $115 million versus the five-analyst average estimate of $107.72 million. The reported number represents a year-over-year change of 0%.
- Revenues- KFC Division - Franchise and property revenues: $416 million versus the five-analyst average estimate of $413.77 million. The reported number represents a year-over-year change of +5.6%.
View all Key Company Metrics for Yum here>>>Shares of Yum have returned -0.7% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Yum Brands (YUM - Free Report) reported $1.69 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 3.1%. EPS of $1.41 for the same period compares to $1.05 a year ago.
The reported revenue represents a surprise of -3.57% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +14.63%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Yum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- System same-store sales - Taco Bell Division - YoY change: 4% versus 4.59% estimated by eight analysts on average.
- System same-store sales - KFC Division - YoY change: 13% versus 7.54% estimated by eight analysts on average.
- System same-store sales - Pizza Hut Division - YoY change: 4% compared to the 8.09% average estimate based on seven analysts.
- Total restaurants - KFC Division: 28500 compared to the 28373.79 average estimate based on seven analysts.
- Revenues- Franchise and property revenues: $785 million compared to the $789.54 million average estimate based on eight analysts. The reported number represents a change of +6.5% year over year.
- Revenues- Franchise contributions for advertising and other services: $391 million versus $437.29 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -2.3% change.
- Revenues- Company sales: $511 million versus $523.07 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
- Revenues- KFC Division - Franchise contributions for advertising and other services: $151 million versus $181.78 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
- Revenues- Pizza Hut Division - Franchise contributions for advertising and other services: $89 million versus the five-analyst average estimate of $98.42 million. The reported number represents a year-over-year change of +1.1%.
- Revenues- Taco Bell Division - Franchise contributions for advertising and other services: $150 million compared to the $156.94 million average estimate based on five analysts. The reported number represents a change of +4.2% year over year.
- Revenues- KFC Division - Company sales: $115 million versus the five-analyst average estimate of $107.72 million. The reported number represents a year-over-year change of 0%.
- Revenues- KFC Division - Franchise and property revenues: $416 million versus the five-analyst average estimate of $413.77 million. The reported number represents a year-over-year change of +5.6%.
View all Key Company Metrics for Yum here>>>Shares of Yum have returned -0.7% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on YUM - FREE