Yum! Brands (YUM) reported quarterly earnings results on Wednesday, Jul-13-2016. The company said it had a profit of $0.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.74. The company posted revenue of $3008.00 million in the period, compared to analysts expectations of $3092.13 million. The company’s revenue was down -3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on Yum! Brands. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 94 from a previous price target of $90 .Company shares were Reiterated by UBS on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 97 from a previous price target of $95 .
Yum! Brands closed down -0.03 points or -0.03% at $85.74 with 62,45,515 shares getting traded on Wednesday. Post opening the session at $85.65, the shares hit an intraday low of $85.06 and an intraday high of $86.26 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 23, 2016, Roger G. Eaton (CEO, KFC) sold 26,282 shares at $85.55 per share price. According to the SEC, on Apr 4, 2016, Jonathan David Blum (SVP and Chief Public Affairs) sold 734 shares at $80.83 per share price. On Mar 2, 2016, David W Gibbs (CEO, Pizza Hut) sold 1,332 shares at $75.95 per share price, according to the Form-4 filing with the securities and exchange commission.
YUM! Brands Inc. (YUM) is engaged in restaurant business. YUM develops operates franchises and licenses a system of both traditional and non-traditional Quick Service Restaurants (QSR) which prepare package and sell a menu of food items. YUM operates in five segments: YUM China which includes all operations in mainland China; YUM India which includes all operations in India Bangladesh Nepal and Sri Lanka; The KFC Division which includes all operations of the KFC concept outside of China Division and India Division; The Pizza Hut Division which includes all operations of the Pizza Hut concept outside of China Division and India Division; and the Taco Bell Division which includes all operations of the Taco Bell concept outside of India Division. Its three Concepts focus on the chicken pizza and Mexican-style food categories. The Company operates approximately 41000 restaurants in approximately 125 countries and territories.