S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Retail

Yum!’s Domestic Numbers Head South (YUM)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Yum LogoYum! Brands Inc. (YUM) has reported earnings.  The owner of KFC, Taco Bell, and Pizza Hut posted $0.63  EPS after a gain and $0.50 EPS outside of items and $2.48 billion in revenue.  Thomson Reuters had estimates pegged at $0.43 EPS and $2.5 billion in revenue.

Currencies took off $0.03 from earnings per share. The company opened 328 stores in the last quarter, 118 of which were in Mainland China. The fast food and casual dining giant is still targeting 10% earnings growth to $2.10 EPS in 2010.  Unfortunately, we have estimates at $2.12.

Some of the weak issues were in Thailand and Taiwan and that limited Asian growth. The company’s U.S. same store sales were down by 1% due to an 8% drop at Pizza Hut, and that is going to tally up the quarter as being weak because of the domestic side of the business.

Shares closed up 1.5% at $36.23 on an unofficial basis in regular trading today, and the reaction in the after-hours session has shares down 4% at $34.72 after the earnings report.

JON C. OGG
JULY 14, 2009

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Paul Ausick |

China Continues to Drive Yum! Brands

Yum! Brands reported second-quarter 2014 results after markets closed on Wednesday. The company's CEO had a lot to say about…
Paul Ausick |

Bad Chicken in China Haunts Yum! Earnings

Yum! Brands Inc.Yum! Brands, Inc. (NYSE: YUM) reported third quarter 2014 results after markets closed on Tuesday. The fast-food restaurant…
Why Yum! Brands Couldn’t Stomach Q3 Earnings
Chris Lange |

Why Yum! Brands Couldn’t Stomach Q3 Earnings

Yum! Brands shares fell after it released disappointing third-quarter financial results before the markets opened on Wednesday.
Chris Lange |

Yum Tumbles on Weak Guidance

Yum! Brands reported disappointing third-quarter financial results after the market closed on Tuesday.
Biggest Earnings Winners From the Past Week
Chris Lange |

Biggest Earnings Winners From the Past Week

24/7 Wall St. has put together a list of Netflix, American Express and other major winners from earnings that took…
Jon C. Ogg |

Value Investor Revisit: Domino’s Pizza Value Remains, But… (DPZ)

It was in early April that we called Domino’s Pizza, Inc. (NYSE: DPZ) a value stock as America’s pure-play pizza delivery…
Paul Ausick |

Yum! Brands Earnings Broiled by China Write-Down

courtesy of KFCYum! Brands Inc. (NYSE: YUM) reported third-quarter results after markets closed on Tuesday. The fast-food restaurant operator posted…
Paul Ausick |

Yum Fortunes Ride With China

courtesy of KFCYum! Brands, Inc. (NYSE: YUM) reported first quarter 2014 results after markets closed on Monday. The fast-food restaurant…
Why Investors Aren’t Hungry for Domino’s After Earnings
Chris Lange |

Why Investors Aren’t Hungry for Domino’s After Earnings

Domino’s Pizza reported disappointing fourth-quarter financial results before the markets opened on Thursday.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618