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Yum Brands (YUM) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-05 14:11
Yum Brands (YUM) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.84%. A quarter ago, it was expected that this parent company of KFC, Taco Bell and Pizza Hut would post earnings of $1.32 per share when it actually produced earnings of $1.35, delivering a surprise of 2.27%.Over the ...
KFC owner Yum's earnings fall more than expected as costs jump 10%
Proactiveinvestors NA· 2024-11-05 14:06
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines
CNBC· 2024-11-05 12:22
Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectation as same-store sales at KFC and Pizza Hut slid more than expected.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.37 adjusted vs. $1.41 expectedRevenue: $1.83 billion vs. $1.90 billion expectedYum reported third-quarter net income of $382 million, or $1.35 per share, down from $416 million, or $1.46 per share, a year ea ...
Yum!(YUM) - 2024 Q3 - Quarterly Results
2024-11-05 12:01
NEWS Yum! Brands Reports Third-Quarter Results Taco Bell U.S. Same-Store Sales Growth +4%; KFC International Unit Growth +9% Digital Sales Mix Exceeding 50% Louisville, KY (November 5, 2024) - Yum! Brands, Inc. (NYSE: YUM) today reported results for the third quarter ended September 30, 2024. Worldwide system sales, excluding foreign currency translation, grew 1% reflecting 5% unit growth. Third-quarter GAAP operating profit grew 1% and third-quarter core operating profit grew 3%. Third-quarter GAAP EPS was ...
Yum! Brands Stock Before Q3 Earnings: Is it a Buy, Sell or Hold?
ZACKS· 2024-11-01 15:16
Yum! Brands, Inc. (YUM) is slated to release third-quarter 2024 results on Nov. 5, before the opening bell.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 2.3%. YUM surpassed earnings estimates in two of the trailing four quarters and missed twice. The average surprise in this period is 0.8%, as shown in the chart below. Image Source: Zacks Investment ResearchStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.YUM’s Q3 Estimate RevisionsThe Zack ...
Countdown to Yum (YUM) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-10-31 14:20
Wall Street analysts expect Yum Brands (YUM) to post quarterly earnings of $1.41 per share in its upcoming report, which indicates a year-over-year decline of 2.1%. Revenues are expected to be $1.89 billion, up 10.6% from the year-ago quarter.The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company ...
Analysts Estimate Yum Brands (YUM) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-29 15:06
The market expects Yum Brands (YUM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...
This Yum! Brands Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Benzinga· 2024-10-16 19:24
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying YUM stock? Here’s what analysts think: Read More: ...
KFC Issues Battle Cry to Tenders Rivals - Introducing NEW Original Recipe® Tenders and Zesty Comeback Sauce from the Original Fried Chicken Brand
Prnewswire· 2024-10-14 13:00
Core Points - KFC is launching its new Original Recipe® Tenders, which are double hand-breaded and seasoned with a secret blend of 11 herbs and spices, marking the beginning of a new competition in the chicken tenders market [1][2][5] - The Original Recipe Tenders Box is priced at $5 and includes three tenders, Secret Recipe Fries, and two signature sauces [2][3] - KFC is introducing a new dessert, Cherry Pie Poppers, and a new drink, Cranberry Lemonade, to complement the tenders [6] Product Details - The Original Recipe Tenders are described as juicy, crispy, and flavorful, differentiating them from other chicken tenders [2][5] - The Tenders Box includes options for sauces: NEW Comeback Sauce, Sticky Chicky, and KFC® Sauce, enhancing the meal experience [3][4] - KFC is also offering a Tenders + Nuggets Family Meal Deal for $24.99, available exclusively on KFC.com and the KFC app [6] Marketing Strategy - KFC has launched a new ad campaign that takes a satirical approach to the competitive fast-food landscape, emphasizing the brand's confidence in its new product [3][5] - The company plans to engage customers by surprising them with free Original Recipe Tenders in select cities on October 17 [4][5] - KFC is promoting a 13 Days of Daily Deals event for KFC Rewards members leading up to Halloween, featuring discounts on various menu items [6] Company Background - KFC Corporation, based in Louisville, Kentucky, has been serving its Original Recipe® fried chicken since 1952 and operates over 30,000 restaurants globally [8]
Yum Brands Serves Up A Golden Cross, But Will The Rally Hold?
Benzinga· 2024-10-04 17:58
Yum Brands Inc. YUM has just whipped up a delicious technical feat with its latest Golden Cross—a bullish signal that has investors licking their chops!This bullish crossover happens when a stock’s short-term moving average rises above its long-term moving average, hinting at a potential upward trajectory. Chart created using Benzinga ProBut is this the start of a sustained rally or just a fleeting snack?YUM Stock’s Golden Cross – The Current Recipe For SuccessAs Yum Brands cooks up some impressive gains, ...