Yum! Brands Inc. (NYSE: YUM) has just beat earnings, although the guidance is lackluster This is the one in its segment we believe has the safest dividend of its peers with room for added growth down the road and the added stability. The owner of KFC, Taco Bell, and Pizza Hut posted $0.58 EPS on $2.57 billion in revenues, which beat Thomson Reuters consensus targets of $0.54+ EPS and $2.54 billion in revenues. Worldwide system sales were up 4% outside of currency translations.
Outside of items, it sees 12% earnings per share growth for the year. That comes to $2.43 EPS versus its earlier $2.39 forecast. Unfortunately, Thomson Reuters is at $2.48 EPS for the year.
The company’s China system sales rose 15%. The gain of +4% for same store sales in China was under our forecast of 5%. The U.S. same store sales were unfortunately flat, and that is said to be from a 7% decline at KFC.
Yum! closed up 2% at $41.71, but shares are down under $40.50 in the after-hours session. This is probably not going to be viewed as awful in tomorrow’s analyst upgrades and downgrades, but there is nothing here to be excited about.
Update at 4:46 PM EST: Yum is down 3.3% at $40.32 on over 700,000 shares in the after-hours trading session.
JON C. OGG
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.