Yum! Brands Expects Strong Second Quarter Earnings Ahead of Market Close
Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is expected to report strong second quarter earnings before the market closes today. According to Thomson Reuters, the company is likely to earn 62 cents per share on revenue of $3.19 billion, a significant improvement from the same quarter last year when it earned 73 cents per share on revenue of $3.2 billion. The company's second quarter earnings release has sparked optimism among investors, with shares of Yum! Brands trading slightly up at 0.08% to $91.22 in mid-morning trading.
Key Takeaways:
- Yum! Brands is expected to report second quarter earnings of 62 cents per share on revenue of $3.19 billion, according to Thomson Reuters.
- The company's earnings per share is expected to decline by 6.9% in the most recent quarter compared to the same quarter a year ago.
- The company's gross profit margin is 36.77%, which we consider to be strong.
- Despite a decline in revenue, Yum! Brands managed to outperform the industry average, with a net profit margin of 13.80% that compares favorably to the industry average.
- The company has over 39,000 units in more than 125 countries and territories, making it a leading quick service restaurant company.
- TheStreet Ratings team rates Yum! Brands as a Buy with a ratings score of B+, citing its strong return on equity, expanding profit margins, and solid stock price performance.
Statistics:
- Yum! Brands is expected to earn 62 cents per share on revenue of $3.19 billion in the second quarter.
- The company's earnings per share is expected to decline by 6.9% in the most recent quarter compared to the same quarter a year ago.
- The company's gross profit margin is 36.77%.
- Yum! Brands has over 39,000 units in more than 125 countries and territories.
- TheStreet Ratings team rates Yum! Brands as a Buy with a ratings score of B+.
Sources:
- Thomson Reuters
- TheStreet Ratings Team
- Yum! Brands Inc. Press Release (no date provided)