Wednesday, April 22, 2015 2:49:48 AM
Apr 21 2015, 16:13 ET | About: YUM! Brands, Inc. (YUM) | By: Mohit Manghnani, SA News Editor
YUM! Brands (NYSE:YUM): Q1 EPS of $0.80 beats by $0.08.
Revenue of $2.62B (-3.7% Y/Y) in-line.
Shares +3.6%.
Press Release
http://seekingalpha.com/news/2440486-yum-brands-beats-by-0_08-revenue-in-line?auth_param=ano5b:1ajdbr9:98161563334c6104cbababdb4c3eede0&uprof=45#email_link
Yum! Brands Reports First-Quarter EPS Decline of 8%, Excluding Special Items; Maintains Full-Year Guidance of at least 10% EPS Growth in 2015
Tue April 21, 2015 4:10 PM|Business Wire | About: YUM
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (YUM) today reported results for the first quarter ended March 21, 2015, including EPS of $0.80, excluding Special Items. Reported EPS was $0.81.
FIRST-QUARTER HIGHLIGHTS
• Worldwide system sales grew 4%. Worldwide restaurant margin decreased 1.7 percentage points to 17.5%, and worldwide operating profit decreased 8%.
• Total international development was 294 new restaurants; 88% of this development occurred in emerging markets.
• China Division system sales declined 6%, as 8% unit growth was offset by a 12% same-store sales decline. Restaurant margin decreased 4.5 percentage points to 18.9%. Operating profit decreased 31%.
• KFC Division system sales increased 8%, driven by 2% unit growth and 5% same-store sales growth. Operating margin increased 1.8 percentage points to 26.3%. Operating profit increased 11%.
• Pizza Hut Division system sales increased 2%, driven by 2% unit growth. Same-store sales were even. Operating margin decreased 1.5 percentage points to 30.0%. Operating profit declined 2%.
• Taco Bell Division system sales increased 9%, driven by 3% unit growth and 6% same-store sales growth. Operating margin increased 5.2 percentage points to 26.6%. Operating profit increased 37%.
• India Division system sales increased 1%, as 18% unit growth was largely offset by an 11% same-store sales decline.
• Worldwide effective tax rate decreased to 23.3% from 25.8%.
• Foreign currency translation negatively impacted operating profit by $20 million.
More...
http://seekingalpha.com/pr/13217196-yum-brands-reports-first-quarter-eps-decline-of-8-percent-excluding-special-items-maintains-full-year-guidance-of-at-least-10-percent-eps-growth-in-2015
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