YUM Brands Inc (YUM)

[MCArmel1]

Yum! Brands misses by $0.07, misses on revenue

Oct 6 2015, 16:16 ET | About: Yum! Brands, Inc. (YUM) | By: Jignesh Mehta, SA News Editor

Yum! Brands (NYSE:YUM): FQ3 EPS of $1.00 misses by $0.07.

Revenue of $3.43B (+2.4% Y/Y) misses by $250M.

Shares -12%.

Press Release

http://seekingalpha.com/news/2815026-yum-brands-misses-by-0_07-misses-on-revenue?uprof=45#email_link


Yum! Brands Reports Third-Quarter EPS Growth of 14%, Excluding Special Items; China Sales Recovery Continues although Slower-than-Expected Pace and Stronger Foreign Exchange Headwinds Result in Lower Full-Year EPS Outlook
Tue October 6, 2015 4:15 PM|Business Wire | About: YUM

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (YUM) today reported results for the third quarter ended September 5, 2015, including EPS of $1.00, excluding Special Items. Reported EPS was $0.95.

This Smart News Release features multimedia. View the full release here: www.businesswire.com/news/home/20151006006824/en/

THIRD-QUARTER HIGHLIGHTS
• Worldwide system sales grew 6%. Worldwide restaurant margin increased 3.3 percentage points to 18.2%, and worldwide operating profit increased 23%.
• Total international development was 376 new restaurants; 72% of this development occurred in emerging markets.
• China Division system sales increased 8%, driven by 7% unit growth and 2% same-store sales growth. Restaurant margin increased 4.7 percentage points to 19.6%. Operating profit increased 64%.
• KFC Division system sales increased 6%, driven by 3% unit growth and 3% same-store sales growth. Operating margin decreased 0.2 percentage points to 21.7%. Operating profit increased 3%.
• Pizza Hut Division system sales increased 2%, driven by 2% unit growth and 1% same-store sales growth. Operating margin decreased 0.7 percentage points to 25.4%. Operating profit was even.
• Taco Bell Division system sales increased 7%, driven by 3% unit growth and 4% same-store sales growth. Operating margin decreased 0.1 percentage points to 28.0%. Operating profit increased 6%.
• India Division system sales decreased 9%, as 10% unit growth was offset by an 18% same-store sales decline.
• Worldwide effective tax rate increased to 24.8% from 22.4%.
• Foreign currency translation negatively impacted operating profit by $29 million.

More...

http://seekingalpha.com/pr/14904536-yum-brands-reports-third-quarter-eps-growth-of-14-percent-excluding-special-items-china-sales-recovery-continues-although-slower-than-expected-pace-and-stronger-foreign-exchange-headwinds-result-in-lower-full-year-eps-outlook