Core Viewpoint - YUM! Brands, Inc. reported fourth-quarter 2023 results with both earnings and revenues missing the Zacks Consensus Estimate for the third consecutive quarter, leading to a 2.4% decline in shares during pre-market trading on February 7 [1]. Earnings and Revenue Discussion - Adjusted earnings per share (EPS) for Q4 2023 were $1.26, falling short of the Zacks Consensus Estimate of $1.39, and representing a 5% decrease year over year [2]. - Quarterly revenues reached $2,036 million, missing the consensus mark of $2,116 million, but showing a 1% year-over-year increase [2]. - Worldwide system sales, excluding foreign currency translation, increased by 5% year over year, with Taco Bell, KFC, and Pizza Hut growing by 6%, 7%, and 1% respectively [2]. Divisional Performance - KFC revenues totaled $761 million, down 4% year over year, with comparable sales increasing by 2% compared to 6% in the previous quarter. The operating margin improved by 430 basis points to 43.3%, and 1,067 new restaurants were opened [3]. - Pizza Hut generated revenues of $281 million, down 2% year over year, with comparable sales decreasing by 2%. The operating margin increased by 50 basis points to 35%, and 575 new restaurants were opened [3]. - Taco Bell's revenues were $819 million, up 7% year over year, with comparable sales increasing by 3%. The operating margin expanded by 280 basis points to 34.9%, and 201 new restaurants were opened [4]. - Habit Burger Grill revenues amounted to $175 million, up 1.7% year over year, with comparable sales declining by 5%. The division opened 10 new restaurants [4]. Other Financial Details - As of December 31, 2023, cash and cash equivalents were $512 million, an increase from $367 million at the end of 2022. Long-term debt decreased to $11,142 million from $11,453 million at the end of 2022 [5].

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 ...

Shares of Yum Brands Inc. fell 2.2% in premarket trades Wednesday after the company reported weaker-than expected fourth-quarter profit and revenue. The parent of Taco Bell, Pizza Hut and KFC fast-food restaurants reported net income of $463 million, or $1.62 a share, compared with net income of $371 million, or $1.29 a share, in the prior year’s quarter. On an adjusted basis, Yum YUM, +0.74% reported earnings of $1.26 a share, compared with $1.32 a share in the same period last year, and below the FactS ...

KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada.Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales.Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023. Starbucks and McDonald's both missed Wall Street's expectations, citing the Israel-Hamas war among their headwinds.Here's ...

That's why starting this Red Tuesday, February 6, through Valentine's Day, Pizza Hut is launching new, limited-edition Hot Honey "Goodbye Pies" to help deliver spicy news in a sweet way for FREE. By sending a Goodbye Pie, Pizza Hut will help you break up with your significant other by delivering a personalized, simple message on custom packaging with a sweet and spicy Hot Honey pizza to ease the pain. The custom Goodbye Pie pizza boxes also leave a space on the top for the break-upper's name to be added. To ...

Core Viewpoint - Yum! Brands, Inc. is set to report its fourth-quarter 2023 results on February 7, with expectations of earnings per share at $1.39, reflecting a 6.1% increase year-over-year, and revenues projected at $2.12 billion, indicating a 4.8% growth from the previous year [1][2]. Group 1: Q4 Estimates - The Zacks Consensus Estimate for earnings per share is $1.39, which is a 6.1% increase from the prior-year quarter [2]. - Revenue estimates are set at $2.12 billion, suggesting a growth of 4.8% from $2.02 billion in the prior-year quarter [2]. Group 2: Factors Influencing Performance - Yum! Brands is expected to benefit from strong same-store sales growth, unit expansion, and robust performance from KFC, with same-store sales anticipated to grow by 1.8% [3]. - Revenue projections for KFC, Pizza Hut, Taco Bell, and Habit Burger are expected to increase by 9.8%, 2.3%, 0.6%, and 10.3%, respectively, compared to the previous year [3]. Group 3: Cost Pressures - High inflation levels are likely to impact margins negatively, with increased costs in employee wages, benefits, insurance, rent, and energy expected to exert pressure on margins [4]. - Total costs and expenses are predicted to rise by 3.4% from the previous year [4]. Group 4: Earnings Prediction Model - The current model does not conclusively predict an earnings beat for Yum! Brands, with an Earnings ESP of -1.21% and a Zacks Rank of 3 (Hold) [5].

Core Insights - Yum Brands (YUM) is expected to report quarterly earnings of $1.39 per share, reflecting a year-over-year increase of 6.1% [1] - Revenues are projected to be $2.12 billion, up 4.9% from the same quarter last year [1] - Analysts have revised the consensus EPS estimate downward by 0.7% over the past 30 days, indicating a reassessment of projections [1] Revenue Estimates - Analysts estimate 'Revenues- Franchise contributions for advertising and other services' at $535.93 million, indicating a year-over-year change of +5.1% [2] - The consensus for 'Revenues- Franchise and property revenues' is $935.32 million, suggesting a change of +5.7% year over year [2] - 'Revenues- Company sales' are predicted to be $651.71 million, reflecting a year-over-year change of +4.4% [2] Division Performance - 'Revenues- KFC Division - Franchise contributions for advertising and other services' are expected to be $215.04 million, a change of +4.9% from the previous year [3] - The estimate for 'System same-store sales - KFC Division - YoY change' is 4.4%, down from 5% in the prior year [3] - 'System same-store sales - Taco Bell Division - YoY change' is projected at 3.4%, compared to 11% last year [3] Restaurant Metrics - The number of restaurants in the 'Franchise & License - KFC Division' is projected to reach 29,681, up from 27,541 year-over-year [3] - Total restaurants in the 'Taco Bell Division' are expected to be 8,604, compared to 8,218 in the same quarter last year [3] - The 'Number of restaurants - Company-owned - Taco Bell Division' is estimated at 479, up from 464 year-over-year [4] Additional Insights - The 'Number of restaurants - Franchise & License - Taco Bell Division' is forecasted to reach 8,125, compared to 7,754 last year [4] - Total restaurants in the 'Pizza Hut Division' are expected to reach 19,775, up from 19,034 in the same quarter last year [4] - The 'Number of restaurants - Company-owned - Pizza Hut Division' is projected to be 10, down from 21 year-over-year [4] Stock Performance - Yum shares have returned +1.4% over the past month, compared to the Zacks S&P 500 composite's +2.9% change [4] - With a Zacks Rank 3 (Hold), YUM is expected to mirror the overall market performance in the near future [5]

Core Viewpoint - Yum Brands is expected to report a year-over-year increase in earnings and revenues for the quarter ended December 2023, with the actual results being crucial for stock price movement [1] Earnings Expectations - The consensus estimate for Yum Brands' quarterly earnings is $1.39 per share, reflecting a year-over-year change of +6.1% [2] - Expected revenues are $2.12 billion, which is a 4.9% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.65% lower in the last 30 days, indicating a bearish sentiment among analysts [2] - The Most Accurate Estimate for Yum is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.68% [5] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a focus on positive readings for predictive power [3][4] - Yum's current Zacks Rank is 3, which complicates the prediction of an earnings beat [5][6] Historical Performance - In the last reported quarter, Yum exceeded the expected earnings of $1.26 per share by delivering $1.44, resulting in a surprise of +14.29% [7] - Over the past four quarters, Yum has beaten consensus EPS estimates three times [7] Industry Comparison - Yum China Holdings is expected to report earnings of $0.13 per share, unchanged from the previous year, with revenues projected at $2.37 billion, a 13.5% increase [9] - Yum China's consensus EPS estimate has been revised 2.3% lower, but it has a positive Earnings ESP of 20.76% [9]

Yum! Brands, Inc. (YUM) recently announced a hike in its quarterly dividend payout. The company raised its quarterly dividend by 11%, which reflects its intention to utilize free cash to boost shareholders’ returns.YUM increased its quarterly dividend to 67 cents per share (or $2.68 annually) from the previous payout of 60.5 cents (or $2.42 annually). The hiked dividend will be paid out on Mar 8, 2024, to shareholders on record at the close of Feb 21, 2024.Based on the closing price of $129.44 per share on ...