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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 is anticipated to 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 been moving slightly upwards 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 7.01%. Meanwhile, revenues posted positive surprises in two 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 66 cents per share, and the company reported earnings of 68 cents per share.
Revenues: YUM reported revenues of $1.44 billion. This surpassed our consensus estimate of nearly $1.40 billion.
Key Stats to Note: In third-quarter 2017, comps at the KFC, Pizza Hut and Taco Bell division were up 4%, 1% and 3%, respectively.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this YUM earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Yum! Brands (YUM) Tops Q3 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 is anticipated to 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 been moving slightly upwards 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 7.01%. Meanwhile, revenues posted positive surprises in two 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 66 cents per share, and the company reported earnings of 68 cents per share.
Revenues: YUM reported revenues of $1.44 billion. This surpassed our consensus estimate of nearly $1.40 billion.
Key Stats to Note: In third-quarter 2017, comps at the KFC, Pizza Hut and Taco Bell division were up 4%, 1% and 3%, respectively.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this YUM earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>