Analysts on Wall Street project that Yum Brands (YUM) will announce quarterly earnings of $1.20 per share in its forthcoming report, representing an increase of 13.2% year over year. Revenues are projected to reach $1.72 billion, increasing 4.6% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. ...

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Yum! Brands Inc. (YUM) is on a trajectory of remarkable growth as its flagship brand, KFC, reaches a significant milestone with the inauguration of its 30,000th restaurant in Rome, Italy. This achievement underscores KFC's relentless global expansion efforts since its inception in 1952. With an average opening of one restaurant every 3.5 hours worldwide, KFC's presence spans across 149 countries and plans to enter its 150th later this year.The strategic expansion solidifies KFC's position as the fastest-gro ...

It has been about a month since the last earnings report for Yum Brands (YUM) . Shares have added about 7.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Yum due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. YUM! Brands Q4 Earnings & Revenue Miss EstimatesYUM! Br ...

Business Operations - YUM operates over 58,000 restaurants across more than 155 countries, with system sales totaling $63.789 billion in 2023[16]. - Approximately 98% of YUM's units are franchised, with 1,500 franchisees contributing to the company's growth strategy[25]. - The company does not consider its operations to be materially seasonal, indicating stable performance throughout the year[38]. - As of December 31, 2023, the company employed approximately 35,000 persons, with 25,000 in the U.S. and 10,000 internationally, where 85% work in restaurants[44]. - Approximately 90% of U.S. company-owned restaurant employees are part-time, and about 50% have been employed for less than a year[44]. - The company and its franchisees globally create thousands of part-time, entry-level restaurant jobs, with 80% of U.S. Restaurant General Managers promoted from within[45]. - The company has divested its Pizza Hut and KFC businesses in Russia during the second quarters of 2022 and 2023 due to geopolitical instability[73]. - The company removed 1,112 KFC units and 53 Pizza Hut units from its global unit counts due to the exit from Russia, treating these as permanent closures for same-store sales calculations[175]. Financial Performance - System sales growth for 2023 was reported at +10%, with same-store sales growth at +6%[183]. - Company sales reached $2,142 million, a 3% increase from $2,072 million in 2022[185]. - Franchise sales grew to $61,647 million, up 8% from $57,211 million in 2022[187]. - GAAP EPS increased by 23% to $5.59, while EPS excluding special items rose by 14% to $5.17[184]. - Core Operating Profit increased to $2,406 million in 2023, up from $2,155 million in 2022, reflecting a growth of 11.6%[190]. - The effective tax rate decreased to 12.1% from 20.3% in the previous year[185]. - The company incurred a net operating loss of $11 million related to its exit from the Russian market in 2023[192]. - The company recorded a foreign currency impact of $49 million on Operating Profit in 2023, compared to $118 million in 2021[190]. - Franchise and property revenues for 2023 were $3,247 million, an increase of 5% from $3,096 million in 2022[197]. Growth Strategy - The company focuses on four key growth drivers: culture and talent, operating capability, brand relevance, and restaurant development[24]. - The company aims to enhance customer experiences and operational efficiency through digital and technology initiatives[22]. - The company aims to drive long-term growth through consistent same-store sales growth and new unit development across all concepts[173]. - The company intends to maximize shareholder return through a combination of paying competitive dividends and returning excess free cash flow through debt paydowns and share repurchases[174]. - The company plans to continue refranchising activities, with net refranchising gains of $34 million recorded in 2023[192]. Digital and Technology - Digital sales reached $29 billion in 2023, accounting for over 45% of overall system sales[31]. - The company is increasingly dependent on digital commerce platforms, and any disruptions in these services could adversely impact sales and customer satisfaction[91]. - The company’s growth strategy includes leveraging digital technology and systemwide scale to improve customer experiences and operational efficiency[171]. Risks and Challenges - YUM faces intense competition in the retail food industry, influenced by consumer preferences and economic conditions[39]. - The company faces risks related to food safety and public health conditions, which could disrupt operations and affect growth prospects[52][54]. - Expansion efforts may be hindered by economic conditions, financing challenges, and supply chain issues affecting franchisees[63][65]. - The company faces significant costs and operational changes due to evolving international and federal data privacy regulations, which could affect personalized customer experiences[85]. - Labor shortages and increased labor costs are challenges that could adversely affect the company's operations and growth potential[103]. - The company faces risks related to consumer discretionary spending, which may be adversely impacted by inflationary pressures and elevated interest rates[127]. - Climate change poses risks to the company's operations, potentially leading to increased costs and disruptions due to severe weather events[114]. Corporate Governance and Compliance - The company aims for gender parity in senior leadership roles by 2030, with 43% of global corporate leadership roles held by women as of 2022[50]. - The company has established minimum information security standards for its franchisees, who operate over 98% of its restaurants[135]. - Compliance with evolving data privacy laws, such as the EU's GDPR and California's privacy laws, is critical, with potential penalties for noncompliance[83]. - The Federal Trade Commission (FTC) is actively enforcing privacy laws, which may lead to increased compliance costs and impact data transfer processes[84]. Shareholder Returns - The company declared and paid four cash dividends of $0.605 per share in 2023, with a new dividend of $0.67 per share declared for distribution on March 8, 2024[163]. - The company has remaining capacity to repurchase up to $1.7 billion of common stock under the share repurchase authorization of up to $2.0 billion[164].

LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) and the University of Louisville today announced the launch of new “Accelerating Growth” executive education programs at the Yum! Center for Global Franchise Excellence. The new programs will focus on equipping operations leaders to take on senior management roles in franchise organizations, an area identified as a key opportunity by franchisees and leadership at the Yum! Center for Global Franchise Excellence, which has been providing educatio ...

Taco Bell parent Yum Brands is continuing its investment in digital technology.During a quarterly earnings call Wednesday (Feb. 7), CEO David Gibbs noted that digital sales were up 22%, as the company dealt with challenges, including conflicts in the Middle East and shifting consumer behavior.The trend was on display at Taco Bell, which saw a record digital sales mix during the quarter, at 31%, up seven points year over year. Kiosk sales were a large driver too, Gibbs said, up 15 points from the fourth quar ...

YUM! Brands, Inc. (YUM) reported fourth-quarter 2023 results, wherein both earnings and revenues missed the Zacks Consensus Estimate. Revenues missed the consensus estimate for the third straight quarter.Following the results, shares of the company declined 2.4% in the pre-market trading session on Feb 7.Earnings and Revenue DiscussionIn fourth-quarter 2023, the company's adjusted earnings per share (EPS) came in at $1.26, lagging the Zacks Consensus Estimate of $1.39. The metric decreased 5% year over year ...

Yum Brands (YUM) reported $2.04 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.8%. EPS of $1.26 for the same period compares to $1.31 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.12 billion, representing a surprise of -3.79%. The company delivered an EPS surprise of -9.35%, with the consensus EPS estimate being $1.39.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Yum Brands (YUM) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.35%. A quarter ago, it was expected that this parent company of KFC, Taco Bell and Pizza Hut would post earnings of $1.26 per share when it actually produced earnings of $1.44, delivering a surprise of 14.29%.Over the ...