YUM Brands Inc (YUM)

[MCArmel1]

Yum! Brands beats by $0.06, misses on revenue

Jul 14 2015, 16:12 ET | About: Yum! Brands, Inc. (YUM) | By: Jignesh Mehta, SA News Editor

Yum! Brands (NYSE:YUM): Q2 EPS of $0.69 beats by $0.06.
Revenue of $3.11B (-2.8% Y/Y) misses by $80M.
Shares +1%.
Press Release

http://seekingalpha.com/news/2628585-yum-brands-beats-by-0_06-misses-on-revenue?uprof=45#email_link


Yum! Brands Reports Second-Quarter EPS of $0.69, a Decline of 5%, Excluding Special Items; Expects Strong Second Half in China; Reconfirms 2015 Full-Year EPS Growth of at least 10%
Tue July 14, 2015 4:10 PM|Business Wire | About: YUM

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (YUM) today reported results for the second quarter ended June 13, 2015, including EPS of $0.69, excluding Special Items. Reported EPS was $0.53.

This Smart News Release features multimedia. View the full release here: www.businesswire.com/news/home/20150714006606/en/

SECOND-QUARTER HIGHLIGHTS
• Worldwide system sales grew 3%. Worldwide restaurant margin was even at 15.5%, and worldwide operating profit decreased 1%.
• Total international development was 291 new restaurants; 75% of this development occurred in emerging markets.
• China Division system sales declined 4%, as 7% unit growth was offset by a 10% same-store sales decline. Restaurant margin decreased 2.2 percentage points to 14.6%. Operating profit decreased 25%.
• KFC Division system sales increased 6%, driven by 2% unit growth and 3% same-store sales growth. Operating margin increased 1.3 percentage points to 21.9%. Operating profit increased 10%.
• Pizza Hut Division system sales increased 1%, driven by 2% unit growth. Same-store sales were even. Operating margin decreased 0.9 percentage points to 22.6%. Operating profit decreased 1%.
• Taco Bell Division system sales increased 9%, driven by 3% unit growth and 6% same-store sales growth. Operating margin increased 4.7 percentage points to 29.5%. Operating profit increased 29%.
• India Division system sales were even, as 16% unit growth was offset by an 11% same-store sales decline.
• Worldwide effective tax rate increased to 25.6% from 24.9%.
• Foreign currency translation negatively impacted operating profit by $22 million.

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http://seekingalpha.com/pr/14088765-yum-brands-reports-second-quarter-eps-of-0_69-a-decline-of-5-percent-excluding-special-items-expects-strong-second-half-in-china-reconfirms-2015-full-year-eps-growth-of-at-least-10-percent