Yum! Brands (YUM) Earnings Surpass Estimates in Q2
Yum! Brands, Inc. YUM, 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.
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.
Investors should also note that earnings estimates have been stable over the past 30 days. YUM’s earnings have been mostly strong over the past few quarters. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in the last four quarters, with an average beat of 16.7%.
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 74 cents per share, and the company reported earnings of 82 cents per share.
Revenues: YUM reported revenues of $1,368 million. This was almost in line with our consensus estimate of $1,367 million.
Yum! Brands, Inc. Price, Consensus and EPS Surprise
Yum! Brands, Inc. Price, Consensus and EPS Surprise | Yum! Brands, Inc. Quote
Key Stats to Note: In second-quarter 2018, comps at the KFC and Taco Bell division were up 2% each. However, comps at Pizza Hut declined 1%.
Check back later for our full write up on this YUM earnings report!
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