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Yum Brands set to report earnings ahead of Wednesday's opening

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Yahoo Finance Live's Dave Briggs looks at Yum Brands' stock ahead of reporting its earnings tomorrow morning.

Video Transcript

DAVE BRIGGS: My stock to watch now for Wednesday is Yum Brands, the parent company of KFC, Pizza Hut, and Taco Bell all impacted severely by food inflation and supply chain clogs. Yum is set to report before the bell tomorrow. Expectations are 1.65 billion in revenue with adjusted earnings per share of $1.09.

China lockdowns and a suspension of business in Russia resulting in Yum missing Q1 estimates, both of which remain a drag in particular with China being one of KFC's biggest markets. Last month, a note from Goldman Sachs issued a double upgrade, though, on the stock to buy, upping its price target from-- to 135 from 125. Shares today largely flat, down fractionally, but down 10% year to--